https://sputniknews.in/20251231/india-poised-to-become-26-trillion-economy-by-2047-report-10298446.html
India Poised to Become $26 Trillion Economy by 2047: Report
India Poised to Become $26 Trillion Economy by 2047: Report
Sputnik India
India is currently the fastest-growing major economy, with a growth rate of 8% in the current financial year. 31.12.2025, Sputnik India
2025-12-31T17:20+0530
2025-12-31T17:20+0530
2025-12-31T17:20+0530
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India will continue to occupy the top spot among the world's fastest-growing large economies in the next two decades, global accounting behemoth Ernest & Young (EY) said in a report published on Wednesday.EY further stated that India's economy is poised to touch the $26 trillion mark in 2047, when the country marks 100 years of its independence from the British Raj.Presently, India's Gross Domestic Product (GDP) is valued at $4.18 trillion, making it the fourth-largest economy on the planet, ahead of Japan, the government said in a statement earlier this week.Moreover, the EY report forecast that the South Asian nation's per capita income would surpass $15,000 by 2047, witnessing a nearly six-fold rise from current levels of $2,500, putting India at par with developed economies.It is worth mentioning that the federal government is publicly targeting 2047 by which time India will be transformed into a developed country.
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India Poised to Become $26 Trillion Economy by 2047: Report
India is currently the fastest-growing major economy, with a growth rate of 8% in the current financial year.
India will continue to occupy the top spot among the world's fastest-growing large economies in the next two decades, global accounting behemoth Ernest & Young (EY) said in a report published on Wednesday.
EY further stated that India's economy is poised to touch the $26 trillion mark in 2047, when the country marks 100 years of its independence from the British Raj.
"India is likely to cross the critical thresholds of US$5, US$10 and US$20 trillion in market exchange rate terms in FY2028, FY2036 and FY2045 respectively," the report stressed.
Presently, India's
Gross Domestic Product (GDP) is valued at $4.18 trillion, making it the fourth-largest economy on the planet, ahead of Japan, the government said in a statement earlier this week.
Moreover, the EY report forecast that the South Asian nation's per capita income would surpass $15,000 by 2047, witnessing a nearly six-fold rise
from current levels of $2,500, putting India at par with developed economies.
It is worth mentioning that the federal government is publicly targeting 2047 by which time India will be transformed into a developed country.
