India can become $5 tn economy much before 2028: Hardeep Puri

Davos, January 16

Union minister Hardeep Singh Puri on Tuesday asserted that India can become a $5 trillion economy much before 2028 and said the country’s energy transition needs to be done in an orderly manner to safeguard the interests of its large population.

Will meet all targets

India is aware of its commitments towards sustainability goals and will meet all the targets in time while meeting the requirements of a growing economy. — Hardeep Singh Puri, Union Minister

Puri, the minister for petroleum and natural gas as well as housing and urban affairs, said India is aware of its commitments towards sustainability goals and will meet all the targets in time while meeting the requirements of a growing economy.

He was speaking at a CII-EY breakfast session on ‘Accelerating India’s energy transition towards sustainable economic growth’ on the sidelines of the World Economic Forum Annual Meeting 2024.

“I don’t think we need to wait till 2028 to become a $5 trillion economy, and if you look at what is happening, it should happen much before 2028,” he said while listing various macroeconomic parameters.

“I also think that the transition has to be orderly because transition by nature has to have both a clear roadmap and it must have in place all the safeguards that will ensure that there are no knee-jerk decisions taken,” he noted. Puri said it is even more so important for a country like India, which is also now the world’s most populous country.