Over the next five years, India's economy will be the "most rapidly growing economy," but reforms must be accelerated, according to former US Treasury Secretary Larry Summers in an interview with The Times of India. By 2047, when India will celebrate its 100th anniversary of independence, Summers, a professor at Charles W. Eliot University and president emeritus of Harvard University, believes that the GDP of the nation will have increased six times. The economist said that in order for the economy to start growing, Prime Minister Narendra Modi had to put in place the necessary infrastructure in "physical infrastructure and intangible spheres that involve digital payments and identities." Summers also emphasized the difficulties India faces. According to him, geopolitics would continue to be a big worry for India since it would have to deal with the expanding links between China, Russia, and Iran at a time when relations between Washington and New Delhi are improving. He stated in the interview that the nation would need to "work very hard" in order to preserve the IT industry's dominance in the face of the development of artificial intelligence. Summers stated in the interview that jobs are still a "substantial" challenge and will only become more so.
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