He said India can benefit from the 'China plus one' strategy as no other country can offer the scale and size of operations as is available in India. Referring to the space sector, Mr. Shetty said India already has 200 start-ups and can attract investments of $100 billion by 2040. "We need to grow at 8-9% till at least 2047 to become a developed economy.... moving away from middle income level... To grow at that pace is not easy. Very few countries in the world have been able to grow at a pace of 8-9% year-on -year," Mr. Shetty told PTI. Mr. Shetty also said India can look for opportunities in the agriculture, space sectors, and other sunrise areas such as semi-conductor and electric vehicles.

Source: The Hindu September 08, 2023 17:13 UTC