Indian GDP will surpass Japan by 2030: Naralkar

Ahmedabad, Jan 9 (UNI) NSE IT managing director and CEO Satish Naralkar today said if the current rate of growth continues, India will overtake UK by 2025, and Japan by 2030.

Addressing experts and students at a three-day conference on ''Strategies and Trends in Marketing: A New Economy Perspective'', Mr Naralkar elaborated on the new economic perspective, highlighting the leading economic indicators such as India's high GDP at 1.25 trillion US dollars and the country's 5th rank in the world with respect to purchasing power parity.

He said the five main booming sectors in the growing economy of India are Infrastructure, Retail, Insurance, Tourism and Telecom.

Mr Naralkar said, ''With the advent of the new economy, the markets have been greatly impacted. There are increased FDI inflows, increased spending capacities of people, imports are much cheaper today due to the appreciation of rupee, and Indian firms are gaining greater global recognition because of mergers and acquisitions by them.'' UNI HT MAZ SB AS2125