Chief Economic Advisor V Anantha Nageswaran on Thursday mentioned India can obtain a $30 trillion economic system by the centenary 12 months of its Independence, supplied the nation masters the problem of technological prowess and frontier analysis.
“To hit the $30 trillion mark by 2047, the nation would require about 12 per cent progress (year-on-year) in greenback phrases,” Nageswaran mentioned.
He famous that the present GDP stands at roughly $3.91 trillion and is anticipated to succeed in $7.8 trillion throughout the subsequent six years.
Talking because the chief visitor on the 67th Institute Day celebrations of the Indian Institute of Know-how, Madras, Nageswaran highlighted that such a aim is doable however requires a deep understanding of the challenges current in a fraught geopolitical atmosphere.
Frugal innovation, he identified, is India’s power. “However the vital level is we now have to keep in mind that we now have to maintain at it for the subsequent era,” he added.
“Now we have to generate frontier analysis in science and engineering. India’s universities and labs have to be on the cutting-edge of the worldwide information ecosystem. Now we have to develop the capability to amass exterior know-how and adapt it to Indian circumstances, scale and price constraints,” Nageswaran mentioned.
He known as for Indian universities and laboratories to stay on the chopping fringe of the worldwide information ecosystem, growing the capability to amass and adapt exterior know-how to native circumstances, scale, and price constraints. He added that shifting from pilot initiatives to patents and economy-wide productiveness positive aspects in agriculture, manufacturing, and companies is the first problem the place premier institutes like IIT Madras play an important position.
The occasion, which was additionally attended by school, college students, and alumni, served as a platform to honour extraordinary achievers. Among the many alumni recognised throughout the ceremony have been Srinivas Narayanan, Chief Know-how Officer of OpenAI, and Aravind Srinivas, Co-Founder and CEO of Perplexity.ai.
Different distinguished awardees included D Ok Sunil, Chairman and Managing Director of Hindustan Aeronautics Restricted, and professors from worldwide universities.
IIT Madras Director Prof V Kamakoti, delivering the presidential handle, famous that the institute has been ranked because the primary engineering establishment within the nation for ten consecutive years from 2016 to 2025 within the NIRF rankings.
He highlighted the launch of IITM World as a defining milestone, reflecting a imaginative and prescient to ascertain the establishment because the world’s first multinational college. The worldwide enlargement consists of the institution of a campus in Zanzibar, Tanzania, in 2023.
A number of tutorial and analysis awards have been introduced throughout the event, together with the Srimathi Marti Annapurna Gurunath Award for Excellence in Educating to Prof Srinivasa Rao and Prof Dhiman Chatterjee. The Institute Analysis and Improvement Awards for 2025-26 have been conferred upon Dr Nagabhushana Rao Vadlamani and Prof Boby George for his or her contributions to their respective fields.
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