India is the 6th largest economy in the world and represents a $3 Trillion economy in 2021. In a recent youtube video (url: https://www.youtube.com/watch?v=IyLwI_DRml4&t=14s ), Dr. Sanjay Mazumdar, CEO of Lucintel, presented below four-prong strategies to grow the Indian economy to $10 trillion by 2030:

1. Export-led growth

2. Import Substitution growth

3. FDI led growth

4. Domestic growth

In a normal scenario, the Indian economy is forecast to grow at 6% to reach 5 trillion by 2030. Prime Minister Narendra Modi envisioned making India a 10 trillion economy by 2030. However, most industry leaders find it challenging to hit $10 trillion by 2030 because they find a lack of domestic demand and private investment to drive growth in the economy. Dr. Sanjay Mazumdar suggests export driven economy for India for the next few years to create demand and growth in the economy, because China, South Korea, Japan, Malaysia, Germany, and many other countries grew their economy by export. For example, China grew its economy from $2.7 trillion in 2006 to $10 trillion in 2013, mainly through export. This video gives an example of how China targeted the international market to create domestic demand. Indian companies can also target the international market to generate revenue and grow the economy.