The Vision India@2047 document, to be released by Prime Minister Modi in three months, will outline the necessary changes and reforms to achieve the goal of becoming a 30-trillion dollars developed economy by 2047
NEW DELHI: India is estimated to be a $30 trillion developed economy by 2047, preliminary results from the Centre's vision document which is being prepared have shown, Niti Aayog CEO BVR Subrahmanyam said on Sunday. The Vision India@2047 document is likely to be released by PM Modi in the next three months. The estimates will go through some fine-tuning before the draft vision document is ready by December.
India is currently estimated to be the fifth largest economy with a GDP of $3.7 trillion. Several estimates show that India's GDP is expected to overtake Japan and Germany by 2030. Ratings agency S&P estimates that India's nominal GDP will rise from $3.4 trillion in 2022 to $7.3 trillion by 2030.
India is currently estimated to be the fifth largest economy with a GDP of $3.7 trillion. Several estimates show that India's GDP is expected to overtake Japan and Germany by 2030. Ratings agency S&P estimates that India's nominal GDP will rise from $3.4 trillion in 2022 to $7.3 trillion by 2030.