India to be top economic power by 2022 : CK Prahalad

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Kolkata, Aug 19 (UNI) India has the potential to emerge as one of the top economic powers of the globe by 2022 if private interest is translated into public interest, with an abatement of corruption.

This observation was made here today by Prof C K Prahalad, Paul and Ruth McCracken Distinguished University Professor of Ross School of Business under University of Michigan, while interacting with the members of the Confederation of Indian Industry (CII).

''No corrupt country is rich though some people may be rich. No corrupt country can develop trained workforce and no country can progress without a trained human resource,'' Prof Prahalad said.

According to him, around USD 20 trillion is not added to the country's GDP on account of corruption.

India, having a history of thousands of years and an independence of 62 years, is well poised to account for 10 per cent of the world trade by 2022, the professor felt.


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