The Financial Times’ chief economic commentator, Martin Wolf, said Thursday in no uncertain terms that India will be the fastest growing of the major economies in the next 10 to 20 years. He spoke at one of the panel discussions at the ongoing World Economic Forum (WEF) in Davos.

“It underscores the view of how long I’ve been following India since the ’70s and it underscores what I think is a very important point, that over the next 10 to 20 years it’s overwhelmingly certain that India will be the fastest growing of the world.” big economies and it’s very big,” Wolf said.

“India, fastest growing of the major economies”

Wolf, who further emphasized the potential of the Indian economy, said people who haven’t thought about India in terms of economic growth are missing the point. “So I think anyone who hasn’t thought very, very seriously, in economics and other areas, about what India is going to mean is really missing the point about where we are in the world. I think by now most people have understood that, except for me. I think we’ve made that very clear in this payments platform, which I know is an extraordinary thing,” said Martin Wolf at the World Economic Forum.

Some other indicators putting India on robust economic growth include the World Bank’s latest India development update, which says India’s real GDP growth is expected to be 6.9 percent in FY22-23, compared to 8.7 percent in FY21 -22.

The World Bank also revised India’s GDP growth forecast for 2022-23 in early December, which says it will be 6.9 percent ahead of the earlier estimate of 6.5 percent on robust economic activity, according to Dhruv Sharma, senior economist at the World Bank.