At present, India’s GDP growth is the highest in the world and India’s per capita GDP is 2600 dollars. The government agency estimates that India’s per capita GDP will reach $4500 by 2031. Which is almost double the current price.
India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. Its share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth.
Analysts working across sectors look at how this new era of economic development could bring about staggering changes: boosting India’s share of global manufacturing, expanding credit availability, creating new businesses, improving quality of life and spurring a boom in consumer spending.
“In a world that is currently starved of growth, the opportunity set in India must be on global investors’ radar,” says Chetan Ahya, Morgan Stanley’s Chief Asia Economist.
AI (machine learning), intelligence, effective resource planning and forecasting will be at the centre of all execution and planning.
India’s per capita income set to grow by 70% to $4,000 by 2030
Rupee may strengthen to 70 to a dollar by 2030, says Capital Economics. It will increase purchasing power on indian industries
Manufacturing market is projected to have an annual growth rate of 8.36% is expected (CAGR 2023-2028).
The Indian Pharmaceutical industry is expected to grow at a CAGR of 10.7% by 2030.
India’s Services Export To Reach US$ 1 Trillion By 2030
Take out – India’s potential and positive factors will result in India’s economy to be the world’s best making it a pivot point for manufacturing and service sector growth and be world leader.
In my opinion, the next era belongs to India for world wide growth dominance in every field. Let me know your opinion on the same and contact me at +91-7000616151 or DM me or email at mail@b2grow.com with your inputs as I look forward for healthy discussion and widespread coverage on this topic