India's economy is estimated to grow at 8-8.3 percent in FY25.

Economy Business

The PHD Chamber of Commerce and Industry (PHDCCI) has said that India's Gross domestic product (GDP) is estimated to grow at 8-8.3 percent in the current fiscal (FY25). The country's GDP will grow at an average of 6.7 percent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000. Gradually after 2035, the growth rate will start decelerating from the peak, and on an average, our growth rate, the real GDP (gross domestic product), will be 6.7 percent overall in the next 23 years. India's economy will attain the size of $34.7 trillion by 2047 with a per capita income of $21,000. The 10-pronged approach also suggests bolstering the renewable energy segment to enhance its installed capacity to 1,500 GW by 2047. The recommendation also includes capacity building for exports -- with a potential 75 products to be focused on to enhance export volumes in global trade.


     

     

     

 

     


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