February 20, 2025 2:47 PM
India to transform into high-income country with GDP of $23–$35 trillion by 2047
India is set to transform into a high-income country with a projected GDP of $23–$35 trillion by 2047, driven by sustained annual growth of 8-10 percent, according to a report on Thursday. This will be powered by India’s demographic dividend, technological innovation, and sectoral transformation, according to the report by Bain & Company and Nasscom. With nearly 200 million individuals expected to enter the workforce in the coming decades, India has a unique opportunity to drive high-v...
