India’s economic growth trajectory continues to gain momentum, with the International Monetary Fund (IMF) projecting the country’s GDP to reach $5 trillion by FY28 and $6.3 trillion by FY30. This projection reflects a 10.2% annual nominal growth rate in USD terms from FY25 to FY30, accelerating from the 8.9% CAGR recorded over the past three decades.
The Economic Survey 2024-25 attributes this strong outlook to rising domestic consumption, increased capital investments, and government-led infrastructure expansion. India’s manufacturing and services sectors continue to be primary growth drivers, supported by initiatives like Make in India and the Production-Linked Incentive (PLI) schemes.
With general elections in 2024, policymakers are expected to emphasize economic stability and investor-friendly policies. Experts predict that post-election reforms will focus on structural changes, industrial modernization, and digital expansion.
Despite global uncertainties, India’s economic fundamentals remain strong. If growth remains on track, the country is well-positioned to become a $10 trillion economy by 2035.
