India would be USD 25 trn economy in 25 years: NaBFID Chairman Kamath


Image Source : FREEPIK India is expected to be a USD 25-trillion economy in 25 years, chairman of NaBFID, K V Kamath said on Tuesday.

India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to support the development of long-term infrastructure financing in the country. Kamath also said all the necessary policies and frameworks related to NaBFID have been done. 

“We are on schedule (that) the government has in mind,” he said adding as many as 12 board meetings of the bank have already taken place. “The India that I look forward to, 25 years from now, (will be) a USD 25-trillion (economy),” Kamath said at the Morningstar Investment Conference here on Tuesday. He said the Indian economy is growing at a compound annual growth rate of 8-10 percent. “The policies, processes, and the framework are done. The CEO is in place…We have to start lending now,” Kamath said.

Also read: Markets trade firm in early trade; Sensex climbs 672 points

Also read: Rupee rises 16 paise to 79.65 against US dollar in early trade

Latest Business News





Source link

Leave a Reply