India's gross domestic product (GDP) expected to grow at 6.8% in fiscal 2024-25 (FY25).

Economy Business

India's gross domestic product (GDP) expected to grow at 6.8% in fiscal 2024-25 (FY25). This growth trajectory positions India to attain upper middle-income status by 2031, with the economy expected to double to USD 7 trillion. According to the India Outlook report by Crisil, the country's economic progress will be supported by domestic structural reforms and cyclical factors. The next seven fiscals (2025-2031) will see the Indian economy crossing the USD 5 trillion-mark and inching closer to USD 7 trillion. Crisil expects the economy to expand to USD USD 6.7 trillion by fiscal 2031. Manufacturing and services to grow 9.1 percent and 6.9 percent, respectively, between fiscals 2025 and 2031.


      Crisil anticipates that India could potentially even surpass its growth prospects, aiming to become the world's third-largest economy by 2031

      India, with a GDP size of USD 3.6 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany.

     

 

     


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