India on track to become $30 trillion economy by 2047: NITI Aayog CEO

Sri City / New Delhi, Nov 15 (FN Bureau) B V R Subrahmanyam, CEO of National Institution for Transforming India (NITI) Aayog, emphasised NITI Aayog’s commitment to supporting industrial clusters like Sri City, which are pivotal for job creation, regional development, and sustainable economic growth. Subrahmanyam, who paid an impactful visit to Sri City, an integrated business city and special economic zone, noted India’s rapid economic progress and predicted that the nation is on track to become a $30 trillion economy by 2047, buoyed by a young workforce and visionary leadership.

Sharing his optimistic vision, he encouraged entrepreneurs to ‘stay ambitious and keep dreaming’, adding that projects like Sri City exemplify the entrepreneurial spirit driving India forward. He invited the CXOs to share any challenges they face and welcomed suggestions to further enhance regional growth. During the discussion, CXOs raised issues related to skill development, talent retention, and housing facilities for industrial workers. Subrahmanyam responded positively, recognising these as critical areas for collaborative improvement. Concluding, he underscored the shared goal of transforming Andhra Pradesh and similar regions into engines of India’s industrial future.

He said Sri City, with its pristine environment and 220 units representing 30 nationalities, and 65,000 is truly one of India’s premier industrial hubs, blending global diversity in a warm, inclusive setting. I’m particularly impressed by the preserved lakes, which act as vital reservoirs and naturally prevent flooding. Wishing you continued success as you grow both domestically and internationally, ” he added. Earlier, Sri City Managing Director Dr. Sannareddy along with Chairman Srini Raju, showcased him the city’s unique features and growth potential while requesting NITI Aayog’s support to further boost Sri City’s contributions to India’s industrial landscape.