Overview

• India’s GDP has already surpassed Japan’s to reach $4.187 trillion, securing its position as the world’s fourth-largest economy
• The report forecasts national output will more than double to $10.6 trillion by 2035 on the back of robust growth
• Competitive federalism is driving policy innovations that could propel three to five states—including Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh and Karnataka—toward $1 trillion GDP between 2030 and 2035
• India is projected to account for about one-fifth of global economic growth over the next decade, positioning it as a key market for multinational earnings
• Central capital expenditure has risen from 1.6% of GDP in FY2015 to 3.2% in FY2025, underpinning a 60% rise in highways, a doubling of airports and a quadrupling of metro networks