Categories: Ranks & Reports

India to become $26 trillion economy by 2047: EY report

EY Projection

Ernst & Young, released a report titled India@100: Realizing the potential of a US$26 trillion economy. According to the estimates Indian economy will reach GDP size of US$26 trillion by 2047, the 100th year of the country’s independence. The per capita income is expected to increase to US$15,000, putting the country among the ranks of developed economies.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Growth Enablers As Per Report

  1. World’s Information Technology and Services Hub
  2. Digitalization: A Force Multiplier
  3. Filing the credit gap to fuel growth
  4. Thriving entrepreneurship spurred by private capital
  5. Reaping the demographic dividend
  6. Making domestic manufacturing competitive
  7. Building the infrastructure of the future
  8. Transition to sustainable energy

Policy Recommendations

  1. Prudent macro-economic management focused on managing and stabilizing inflation and currency, ensuring predictability in policies and proactively de-risking the economy would remain important for India to continually attract domestic and global investors.
  2. Simultaneously, enhancing ease of doing business, accelerating power sector reforms and energy independence, and enabling quality healthcare and education will not only increase business confidence but also ensure socio-economic development on a sustained basis.
Important takeaways for all competitive exams:
  • EY Headquarter:- London, England
  • Chairman & CEO – Carmine Di Sibio

Find More Ranks and Reports Here

 

 

aashu

Recent Posts

IPL 2025 Schedule: BCCI Announces IPL Schedules for 2025, 2026, and 2027 Seasons

The Board of Control for Cricket in India (BCCI) has made a bold and significant…

9 hours ago

Which District of Madhya Pradesh is Famous for Rang Panchami Festival?

Madhya Pradesh, a state rich in culture and traditions, celebrates many colorful festivals. One of…

10 hours ago

Ustad Bismillah Khan Yuva Puraskar For 2022 and 2023

The Ustad Bismillah Khan Yuva Puraskar (UBKUP) is a prestigious award instituted by the Sangeet…

10 hours ago

Top 10 Most Sustainable Economies in 2024: India’s Position Explained

The Sustainable Trade Index 2024, jointly published by the Hinrich Foundation and IMD, highlights the…

10 hours ago

Who is Known as the Frontier Gandhi?

The title "Frontier Gandhi" refers to Khan Abdul Ghaffar Khan, a prominent leader from British…

11 hours ago

India Hosts First Global Cooperative Conference in 130 Years

India will host the International Cooperative Alliance (ICA) Global Cooperative Conference in New Delhi from…

12 hours ago