"And if exchange rate appreciates then India will be $10 trillion economy before 2035," Debroy said at Skoch summit here. India will be remarkably different country as the size of its economy will enhance the country's role in global affairs, he said.
He also said that people are not seeking government jobs today, instead more and more people are providing jobs to others. Talking about the issues related to land, Debroy said it is a contentious issue and it is very inefficiently used in India. "We don't have clear system of land titling." A few days ago, Debroy had also said that eliminating tax exemptions can help increase the tax-to-GDP ratio. Blaming India Inc's lobbying for tax exemptions, Debroy, early this month, remarked that he hopes that the government panel tasked with reviewing the Income Tax (I-T) Act would look into this aspect.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)