New Delhi, March 31 -- Union Minister Gajendra Singh Shekhawat has stated that India's economy is projected to reach nearly 30 trillion dollars by the year 2047, marking its transformation into a developed nation.

Union Minister Gajendra Singh Shekhawat, while speaking to ANI, said, "...The path India is on, the speed at which India is advancing, the foundation that PM Modi has laid for a developed India--the entire world is acknowledging that in the coming times, India's economy will double every 7-8 years. By 2047, when India becomes developed, its economy will have advanced to nearly 30 trillion dollars."

Meanwhile, the ongoing conflict in West Asia could shave around one percentage point off India's economic growth and push up infla...