While addressing the Raisina Dialogue 2023, Union Minister Piyush Goyal exuded confidence in Indian economy and said India will become a $40 trillion economy by 2047. “5 trillion truly was a target and is a target. We will get there in the next 4-5 years. Most likely by 2028, we will be the third-largest economy in the world,” said Piyush Goyal. “We are looking to become a developed economy by 2047. We are looking to become a prosperous country with inclusive growth and every citizen of India has a good quality of life. 30 years ago we were under $300 billion economy. Last year we were $3.5 trillion. We will be at least $40 trillion economy by 2047,” he further said.