Crisil predicts India’s economy to expand by 6.8% in FY25

Crisil Ratings predicts India’s economy to expand by 6.8% in FY25, with significant growth potential driven by domestic reforms and cyclical factors. By 2031, India aims to double its economy to $7 trillion and achieve upper-middle-income status.

GDP Growth Trajectory

• India’s GDP growth expected to moderate to 6.8% in FY25 from the current fiscal year’s 7.6%.
• Structural reforms and cyclical levers to support continued growth, potentially positioning India as the third-largest economy by 2031.

Economic Outlook

• IMF projects India to reach $5 trillion economy by 2027-28.
• India, presently the fifth largest economy globally, aims for $7 trillion GDP by 2031, elevating it to upper-middle-income status.

Per Capita Income Projection

• By fiscal 2031, India’s economy anticipated to reach $6.7 trillion, raising per capita income to $4,500.
• This transformation would align India with upper-middle-income countries as defined by the World Bank, marking a significant economic milestone.