NEW DELHI, Oct 4: Finance Minister Nirmala Sitharaman on Friday said India would achieve near doubling of per capita income in the next five years and witness the steepest rise in living standard of the common man in coming decades aided by structural reforms undertaken by the government in the last 10 years.
Addressing the 3rd edition of Kautiliya Economic Conclave here, the minister said, India’s critical economic performance in the recent decade was underscored by its leapfrog from the 10th to the fifth largest economy in a matter of five years.
“While it took us 75 years to reach a per capita income of USD 2,730, as per IMF projections, it will take only five years to add another USD 2,000. The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in,” she said.
