India could be $20 trillion economy by 2040, says Chief Economic Advisor

If the dollar GDP doubles every seven years, India will be at $20 trillion GDP by 2040 with per capita income close to $15,000, Chief Economic Advisor V Anantha Nageswaran said. "India is forecasted by IMF to cross $5 trillion by 2026-27," he stated. "Indian economy is...[in] much better place than many others in the world to face...challenges," Nageswaran added.