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26 dollar trillion economy by 2047
January 26 , 2023
669 days
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- India is expected to become a US$ 26 trillion GDP economy by 2047 with her per capita income reaching US$ 15,000.
- This is reported by the Global Consulting Firm, Ernst & Young’s report.
- RBI and International Monetary Fund (IMF) have forecast 6.8% growth in FY23 while World Bank has pegged it at 6.9%.
- London-based IHS Markit has projected India’s GDP in 2030 to reach $8.4 trillion.
- India is likely to overtake Japan as Asia’s second-largest economy by 2030.
- GDP is also projected to surpass that of Germany and the UK to rank as the world’s No.3.
- Currently, India is the sixth-largest economy, behind the US, China, Japan, Germany, and the UK.
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