HDFC Bank Chairman, Atanu Chakraborty, predicts that India's economy is poised to reach USD 30 trillion by 2050. The country's growth is driven by robust consumption and exports. International financial institutions estimate India's growth to be around 6.3 percent this year, with inflation at about 6 percent, resulting in a nominal GDP increase of 10-12 percent.
Chakraborty suggests that if this pace is sustained, India could achieve a USD 30 trillion economy by 2045-50, with a per capita income of USD 21,000. The International Monetary Fund (IMF) has slightly raised India's GDP projection to 6.3 percent, though global growth forecasts have been reduced to 3 percent. The World Bank maintains India's growth forecast at 6.3 percent, emphasizing strong service activities despite global challenges.