India’s GDP Could Reach 26 Trillion Dollars by 2047-48: EY Report
India’s economy could undergo a dramatic transformation over the next two decades. According to a recent report by EY, India’s GDP could rise to nearly 26 trillion dollars by 2047–48, up from around 4.2 trillion dollars today, if the country sustains an average annual growth rate of about 6%.
This projection places India among the fastest growing large economies globally and aligns with the long term vision of becoming a developed nation by the centenary year of independence.
At present, India is the world’s fifth largest economy by nominal GDP. Reaching the 26 trillion dollar mark would imply a more than six fold expansion in economic output over the next two decades. The EY report highlights that this growth will be driven by a combination of demographic advantage, rising domestic consumption, infrastructure investment, and structural reforms.
One of the key pillars supporting this outlook is India’s expanding working age population. A young labor force, combined with increasing urbanization and higher productivity, is expected to boost both manufacturing and services output. As income levels rise, private consumption is likely to remain a strong and stable contributor to GDP growth.
The report also underlines the role of capital formation and infrastructure development. Continued investment in transport, logistics, digital infrastructure, and energy is expected to lower costs for businesses and improve overall competitiveness. Large scale public investment, along with growing private sector participation, could act as a multiplier for long term growth.
Exports are another critical factor. As India integrates deeper into global value chains across electronics, manufacturing, pharmaceuticals, and services, export led growth is expected to play a bigger role in sustaining momentum. The gradual shift toward higher value manufacturing and technology driven services could further strengthen India’s external position.
However, the EY report also points out that sustaining an average growth rate of around 6% will require consistent policy execution. Key focus areas include improving ease of doing business, skilling the workforce, boosting labor force participation, especially among women, and ensuring macroeconomic stability.
If these conditions are met, India’s economic expansion could significantly reshape its global standing. A 26 trillion dollar economy would not only increase per capita incomes but also expand India’s influence in global trade, investment flows, and geopolitics.
As the country moves toward 2047–48, the scale of this projected growth highlights both the opportunity and the responsibility ahead. The next two decades will be crucial in determining whether India can convert its potential into sustained, inclusive, and resilient economic growth.
– The Neo Nation