India set to be top global economy by 2047: Nara Chandrababu Naidu

HYDERABAD: India will emerge as the world's largest or second largest economy globally by 2047 with Indians becoming the richest community as global wealth creators and job creators and will also dominate public governance and corporate governance globally, Nara Chandrababu Naidu, former chief minister of unified and bifurcated Andhra Pradesh, said on Friday.
"If you see any country the highest per capita income (PCI) is that of Indians and among Indians, one third are Telugu people. Even in US, the PCI of Indians has become $1,29,000 while that of Americans is just $64,000. That is the strength of Indians," Naidu said.
"Nobody can beat us on information technology or digital technology and fortunately India is also blessed with a demographic dividend," he said while addressing students of premier Hyderabad-based B-School, the Indian School of Business (ISB) at the valedictory ceremony of its 20th year celebrations.
However, to achieve this vision of emerging as global leaders, Naidu said India needs work seriously on demographic management. "Today, India should not commit the same mistake as China, Japan and Europe. We have enough time. Every couple should have two kids otherwise after 25 years you will have a demographic disadvantage. We are temporary but the country is permanent, society is permanent."
He said if India focused on demographic management then India would emerge as a supplier of foodgrains for the global community, a manufacturing hub and a technology hub.
Naidu urged the B-school grads and alumni to visualise India's advantages and strengths to move forward while at the same time ensuring that they don't neglect the have-nots because the concentration of wealth in the hands of only a few is not good for the country or society.
Here Naidu pointed out how India's youth is today driving startups that are visualising the gaps and providing leadership, bringing knowledge and technology and uberisation and scale and urged the ISB students and alumni to not be satisfied in just being job seekers but to focus on becoming job providers. Naidu, who was instrumental in bringing ISB to Hyderabad and received an enthusiastic welcome from ISB students and alumni alike, also recounted how he use a powerpoint presentation and persuasion to convince Microsoft founder Bill Gates to set up its development centre in the city and also how he got all the ISB board members to agree to set up the institute in the city in an area which was then just barren land.