January 19, 2026 10:32 AM
India set to transition to upper middle income country by 2030: SBI Research
India is set to reach $4,000 per capita income by 2030, enabling it to transition to an upper middle-income country and join China and Indonesia in the current classification, an SBI Research report said on Monday. India took 60 years since Independence to reach a $1 trillion economy and achieved $2 trillion in another seven years, in 2014. The country reached $3 trillion in another seven years in 2021 and $4 trillion in another four years, in 2025. “India is likely to achieve $5 trillion i...