- NITI Aayog: The Indian government’s think tank has outlined a vision for India’s economy in 2036, projecting significant growth and development across various sectors.
- EY: The consulting firm has forecasted India’s GDP to reach a staggering $26 trillion by 2047, with a significant portion of that growth occurring by 2036.
- Other Economic Forecasters: Numerous international organizations and economic analysts have also expressed optimism about India’s future economic prospects, often predicting continued strong growth.
Factors Driving Growth: - Demographic Dividend: India’s large and young population offers a significant advantage, with a growing workforce that can drive economic activity.
- Digital Transformation: The country’s rapid adoption of digital technologies is expected to boost productivity and innovation.
- Government Reforms: Ongoing reforms aimed at improving infrastructure, ease of doing business, and regulatory frameworks are expected to create a more conducive environment for investment and growth.
- Rising Domestic Consumption: India’s growing middle class is driving increased domestic consumption, which is a key driver of economic growth.
While these predictions are promising, it’s important to note that economic forecasts are subject to change based on global and domestic factors. However, India’s strong fundamentals and favorable demographics position it well for continued economic growth in the years to come.
Would you like to know more about specific sectors or factors influencing India’s economic growth?
According to India Ratings, India is expected to become an upper-middle-income economy between 2033 and 2036. This transition could be supported by:
- A real GDP growth of 6.25%
- A faster growth rate of 8%
- Government reforms
- A strong manufacturing sector
- A growing service sector
- The emergence of sectors like electronics, energy, and electric vehicles
An upper-middle income economy is defined as a country with a per capita income between $4,466 and $13,845
What will be India’s GDP in 2034?
New Delhi: India is set to become a USD 8 trillion economy by 2034 and will pivot much of the world in terms of its economics and geopolitics, according to BJP leader and founder of think-tank India Foundation Shaurya Doval
What will be India GDP in 2035?
The Centre for Economics and Business Research’s (CEBR) in its December 2023 report said India seems “unstoppable” in its momentum to become the third economic superpower and touch the $ 10 trillion mark by 2035
What will be the GDP of India in billion 2030?
By 2030, India’s GDP will be larger than Japan’s. As stated by S&P Global, continued rapid expansion is expected through 2024, supported by strong growth in domestic demand. At current prices, India’s GDP in US dollars is expected to rise from $3500 billion in 2022 to $7300 billion by 2030
Is India a 4 trillion economy?
India’s GDP set to reach $4 trillion, eyes $5 trillion amid global challenges: Sanjeev Sanyal – The Hindu BusinessLine
Is India top 5 in GDP?
According to the World GDP Ranking 2024 list, India is the fifth largest economy in the world. Other prominent countries like the United States of America, China, Japan, Germany, etc., have a significant presence in this GDP Ranking list
Can India beat Japan in GDP?
Table 1 shows that in market exchange rate terms, India’s GDP overtook that of the UK in 2021 (FY2022 for India), making it the fifth-largest economy. Further, the Indian economy is projected to overtake both Japan and Germany in 2027 (FY28 for India) to become the 3rd largest economy
What is the GDP of India in 2100?
Interesting projections for the year 2100 for weekend reading…. India will be the second largest economy by the year 2100 with GDP of $ 70 trillion followed by the USA with GDP of $ 51 trillion in third place. China will be the largest economy with $ 101 trillion GDP with a decreased population of 766 millions
Who is the no. 1 GDP country?
The United States of America
The United States upholds its status as the major global economy and richest country, with a GDP of over $28.78 trillion as of 2024, steadfastly preserving
How is India’s GDP so high?
This growth was primarily due to strong demand for the country’s goods and services in addition to a high level of industrial activity. The country was once a supplier of British tea and cotton. It now has a diversified economy with the majority of activity and growth coming from the service industry
Was India rich before Mughals?
Between 1st and 17th centuries AD, India is estimated to have had the largest economy of the ancient and medieval world, controlling between one third and one fourth of the world’s wealth. During the Mughal period (1526–1858 AD) India experienced unprecedeneted prosperity in history
What is the future of the Indian stock market?
Numerous experts speculate that the Indian Stock Market will also have progressed and expanded to the fifth largest in the world, accounting for the highest market capitalization
Sectors Likely to Provide Excellent Returns to Investors in Future
List of the Top Sectors in India that are Most Likely to Provide Excellent Returns
The following sectors are likely to perform exceptionally well in the next couple of years-
1. Healthcare and Insurance Sector
Due to an ageing population, an increase in chronic illnesses, and a growth in disposable income, India’s demand for healthcare services is on the rise. In addition, the COVID-19 epidemic has also brought attention to the need for improved healthcare services and infrastructure in India, encouraging further investment.
Ayushman Bharat, a program that intends to offer health insurance to more than 100 million people, is one of several efforts the Indian government has made to improve the healthcare industry. Also, the government has raised the healthcare budget, creating investment opportunities and better healthcare services.
2. Renewable Energy Sector
By 2030, India wants to have 450 GW of renewable energy capacity, comprising 5 GW of small hydropower, 10 GW of biofuels, 280 GW of solar power, and 140 GW of wind power. With India’s renewable energy industry expanding quickly in recent years, the nation has made tremendous progress toward meeting this objective.
The building of ultra-mega solar parks and deploying solar rooftop programs are only two of the steps the Indian government has started to promote the use of solar energy. In addition, the construction of offshore wind energy projects is one of several measures the government has begun to encourage wind energy usage.
The Indian government is supporting the use of additional renewable energy sources, such as bioenergy and small hydropower, in addition to solar and wind power. The nation has considerable potential for bioenergy, with an estimated 25 GW potential from only agricultural waste
Following are some of the companies worth considering in this sector in India:
3. IT Sector
India has long been a significant player in the global IT sector because of its abundant supply of highly qualified workers and hospitable business climate. As a result, the nation’s IT market has been expanding quickly, and by 2025, sales are anticipated to exceed $300 billion.
Following are some of the companies worth considering in this sector:
4. Real Estate Sector
With several legislative reforms and changes in the regulatory environment, India’s real estate market has recently undergone a period of transformation and consolidation.
As a result, the industry has been dealing with difficulties like a decrease in demand, problems with financing, and delays in project completion.
Yet, the Affordable Housing Program and the Real Estate Regulatory Authority are only two of the government’s recent attempts to support the expansion of the real estate industry (RERA).
Following are some of the companies worth considering in this sector-
5. Fast-Moving Consumer-Goods Sector (FMCG)
Fast-Moving Consumer Goods (FMCG) have seen significant growth in India over the past several years due to reasons including rising earnings, shifting lifestyles, and increased urbanization. The industry offers goods, including packaged food and drinks, toiletries, and cleaning supplies
Following are some of the companies worth considering in this sector-
- Hindustan Unilever Ltd. (HUL)
- ITC Limited
- Nestle India
- Britannia Industries
- Godrej Consumer Products
6. Automobile Sector
With a 7% share of India’s GDP and millions of workers, the car industry substantially contributes to the nation’s economy. Manufacturers of passenger automobiles, commercial vehicles, two-wheelers, and three-wheelers are included in this industry
Following are some of the companies worth considering in this sector:
- Maruti Suzuki India Ltd
- Eicher Motors Ltd
- Automotive Axles Ltd
- Munjal Showa Ltd
- Motherson Sumi Systems Ltd
- Endurance Technologies Ltd
- Jamna Auto Industries Ltd
Disclaimer : this is not a financial suggestion consult your financial advisor before investing
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