India will become a high-income country with GDP of $23–$35 trillion by 2047.
According to a report by Bain & Company and Nasscom, India is projected to become high-income country with a projected GDP of $23–$35 trillion by 2047.
Growth will be driven by India’s demographic dividend, technological innovation and regional transformation.
Nearly 200 million individuals expected to enter the workforce in the coming decades.
Electronics, energy, chemicals, automotive, and services are the key sectors which will be drivers of growth.
Advances in AI-driven chip design, touchless manufacturing, and backward integration into component manufacturing and design could enhance cost competitiveness and innovation.
India’s share of renewables in overall energy generation has the potential to rise from 24 percent in 2023 to 70 percent in 2047.
Auto-components exports sector is likely to reach $200–$250 billion by 2047. It will be driven by longer-term shift to EVs.
