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"India is going to become a $10 trillion economy soon,” says Børge Brende, President & CEO, World Economic Forum

  • Børge Brende, President and CEO of the World Economic Forum, expressed optimism about India's growth and predicted it to become the third-largest economy with a GDP of $5 trillion.
  • He mentioned concerns about global economic growth being below trend and highlighted factors like conflicts and trade wars impacting the economy.
  • Brende stated that India, with its young workforce and tech-savvy population, could reach a $10 trillion economy soon, emphasizing the need for deregulation, reducing red tape, and improving infrastructure.
  • He also discussed the impact of AI on job markets, stating that while it might eliminate some jobs, it can create higher-value positions, with proactive AI implementation potentially boosting productivity by 10%.

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