India will become the world's second-largest economy by 2050: Jeffrey Sachs

According to American economist Jeffrey Sachs, India will become the world's second-largest economy by 2050. He stated that to achieve the goal of 'Viksit Bharat 2047', the country needs to increase investment in specific sectors. According to reports from NDTV India and Times of India, this forecast highlights India's economic potential.

On the other hand, Gujarat's economic growth figures have also been encouraging. According to a report by Sandesh, Gujarat's GST revenue has increased by 28 percent in the first seven months of the current financial year, which is much higher than the national average of 13 percent. During this period, the state has collected a total of 58248 crore rupees in GST. Talking about the month of October alone, the state's total tax revenue was 13516 crore rupees. Out of this, 8791 crore rupees were received as GST, which shows an increase of 18 percent compared to 7127 crore rupees in October last year. This increase amounts to 1664 crore rupees. In October, the revenue from VAT was 3153 crore, electricity duty was 1053 crore, and professional tax was 22 crore rupees. It is believed that this increase in revenue is due to festive shopping and transparency in the tax system.

Jeffrey Sachs is an American economist, public policy analyst, and professor at Columbia University. He directed the Earth Institute and also managed the Sustainable Development Center.