India Will Be 3rd Largest Economy By 2028 AP CM Chandrababu Naidu
Chennai: Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said by 2028, India will be the third biggest economy and could become number 1 or 2 in 2047, when the nation will celebrate the centenary of independence.
Naidu made the remark while addressing the All India Research Scholars Summit (AIRSS)-2025 at the Indian Institute of Technology (IIT) Madras. He was one of the spotlight speakers at the prestigious four-day summit dedicated to research collaborations, industry engagement, and academic excellence.
Prof V Kamakoti, Director of IIT Madras, introduced the Chief Minister as the visionary leader behind Cyberabad’s transformation. Naidu appreciated the vibrant academic environment of IIT Madras and expressed confidence that India’s future belongs to young scholars and entrepreneurs.
He acknowledged the role of IIT Madras in knowledge dissemination and praised its contribution to startups like Agnikul Cosmos and Mindgrow Technologies, which have placed India at the forefront of space and semiconductor innovation.
The Chief Minister reflected on India’s economic journey, recalling the pre-liberalisation mixed economy and the impact of the 1992 economic reforms. He highlighted how deregulation in the telecom sector, based on his recommendation, helped drive digital transformation.
He recounted his meeting with Bill Gates in the 1990s, which led to Microsoft’s establishment in Hyderabad, and underscored the role of Telugu leaders like Satya Nadella in global technology.
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