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Bain & Company and NASSCOM Release ‘India@2047’ Report on Tech-Driven Economic Transformation.

Economy Business | Dated: 27 Feb 2025

In February 2025, Boston, Massachusetts (United States of America, USA)-based management consultant company, Bain & Company, Inc., in collaboration with the National Association of Software and Services Companies (NASSCOM), released a report titled 'India@2047: Transforming India into a Tech-Driven Economy'.

🎯 Key Highlights:

- According to the report, India is set to become a High-Income Nation (HIN) with a projected Gross Domestic Product (GDP) of USD 23-USD 35 trillion by 2047.

💡 Other Important Facts:

(i) The report projected that the services sector will make up 60% of India's GDP, while manufacturing will account for 32%. Both sectors will become crucial drivers of economic growth.
(ii) The report outlined 5 key sectors—electronics, energy, chemicals, automotive, and services—that will act as strategic growth levers due to alignment with international trends and scalability. These sectors have the potential to address India's unique challenges and advantages.

📚 Test Your Knowledge:

Which company recently collaborated with NASSCOM to release the report titled 'India@2047: Transforming India into a Tech-Driven Economy'?

Correct Answer: Bain & Company

🚀 Quick Recap:

About National Association of Software and Services Companies (NASSCOM)

Chairperson: Sindhu Gangadharan
Headquarters : Noida