India’s GDP to grow by 6.7 pc from 2025 to 2040: DBS Bank

India’s economy is expected to grow by an average rate of 6.7% from 2025 to 2040, outpacing China’s 3% average real GDP expansion in the same period, Singapore-based DBS Bank said in a report. During the period, India’s nominal GDP (rupee basis) is expected to average 9.7%. If the base case growth projections come to fruition, DBS expect India’s nominal GDP economy to pass the $5.6 trillion mark by 2030 and reach $11.5 trillion by 2040. Per capita income is on track to surpass $3,700 within this decade and rise to $7,000 by 2040, firmly entering the upper middle-income country threshold, it said. These are likely to be key milestones ahead of the ‘Viksit Bharat’ goalposts set by the government. Demographics and labour availability are crucial catalysts to sustain growth, it said, as per a report.

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