The chariot of the Indian economy is moving forward and all the conditions of the country becoming a superpower in the 21st century are present. Indian Ambassador Harsh Vardhan Shringla said this on Friday. He was addressing students and teachers at Harvard Kennedy School.

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In his address on the topic of 'India's economic growth and development', he said, 'It took 60 years after independence for India to become a billion-dollar economy. After this, it took 12 years to become a two trillion dollar economy. Now, in just five years, during 2014-19, it has become an economy of two trillion dollars to three trillion dollars.

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In his statement, he said that the Prime Minister has set a target of making the country an economy of five trillion dollars by 2025 and we are all trying to achieve it. Shringla said, 'India's growth is based on its foundation. We have achieved macro stability, sustainable and inclusive economic growth while accelerating the pace of growth. We achieved a high economic growth rate while maintaining the rule of social cohesion, democracy, and law.

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Apart from this, he said that there have been problems of income inequality in front of many developed economies, but since the adoption of liberalization after 1990, India has so far managed to lift millions of people from the poverty line.

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