India’s $5 trillion economy target has been delayed by COVID-19, the legacy twin balance-sheet problem and sharp INR depreciation. However, the underlying growth engine has strengthened materially, with stronger bank balance sheets, improved corporate financial health and sustained investment in physical and digital infrastructure.
Our analysis examines the key drivers of nominal GDP growth in USD terms and finds that India could reach $5 trillion by FY29 under reasonable assumptions, with significant upside over the following decade as the economy moves from foundation building to deeper entrenchment and expansion.
What you can expect from this report:
Drivers of Nominal GDP Growth.
Where India fell short in its journey to $5 Trillion economy.
Historical Trends of real growth, inflation and currency movements.
Our forward looking assumptions and scenarios