India may become a $4 trillion economy by the end of the year and $10 trillion by 2030, according to Union Minister of Housing & Urban Affairs and Petroleum & Natural Gas, Hardeep Singh Puri.

He also stressed the importance of the growing relationship between India and the US, underscoring the significance of collaboration in areas including green energy to bolster growth.

Speaking at the 10th Annual Forum of the Public Affairs Forum of India (PAFI), Puri stated: “India will be a $4 trillion economy by the end of the year and $10 trillion by 2030. The growth of India-US ties is important. Areas like green energy and others will be significant for collaboration to foster mutual growth.”

The minister added that India is planning to increase the number of airports by 2040 whilst emphasising the importance of availability, affordability, and sustainability for the country’s ongoing development.

“We have 74 airports, which will be doubled in number by 2040.” He added that India was among the few countries that have ordered 1,000 new aircraft, Money Control reports.

Furthermore, in reference to good governance and its crucial role in fuelling economic advancement, Puri commented: “We were confronted by two models - one was an economic growth model, and the other was a freebies model which appeared appealing in the short term. People have the choice between these two models. The Modi government is a testament to the first model.”

Moreover, regarding the US India Business Council (USIBC), Puri said: “USIBC is dedicated to the prosperity and happiness of people. India is an energy-consuming country, and we share a strong partnership in the energy sector, particularly with regard to the Green Energy Transition. We are using our genius and talent to transform in ways that inspire the entire world.”