India Can Be $55-Trn GDP By 2047 If It Grows At 8%
International Startup Festival (ISF) 2024 witnessed participation of agri-tech, healthtech, edu-tech, junicorns, apart from software and technology startups Hyderabad: India will be a $55 trillion economy by 2047 if yearly growth rate of eight per cent is maintained till 2047, said Dr Krishnamurthy V Subramanian, Executive Director, International Monetary Fund-India. Delivering the last talk at International Startup Festival (ISF) 2024 here, he highlighted that India will be a $55 trillion economy by 2047. “It is doable if the economy maintains a real growth rate of eight per cent per annum till 2047. The three enablers for making this happen will be - increased formalisation of Indian economy, improved productivity and innovation, and lastly, credit creation,” he said.