India's GDP could rise to $8 trillion in 15 years: NITI Aayog vice-chairman

NITI Aayog Vice Chairman Arvind Panagariya has said, India's GDP could rise to about 8 trillion dollars over the next 15 years if the country registers an economic growth of 8 per cent annually. 

He said, with that level of economic growth, living standards and amenities that are taken for granted in the west will become accessible to a very large part of the population in India in the coming 15



years. 

He was speaking yesterday at the interactive multi-stakeholder panel hosted by India's Permanent Mission to the UN. 

Listing the big-item and big ticket reforms such as the Goods and Services Tax, Insolvency and Bankruptcy Act and the Aadhar Act implemented by the government, Mr Panagariya said, the benefits of these reforms are just beginning to happen.