Overview

• Doval forecast an eightfold rise in GDP to $32 trillion and a jump in per-capita income from $2,500 to $22,000 by 2047.
• The vision projects a 1.1 billion-strong skilled workforce to harness India’s demographic advantage as China faces potential labor declines.
• India’s indigenous 5G rollout in just 2½ years is cited as evidence of the country’s accelerated technological innovation.
• Confederation of Indian Industry president Rajiv Memani warned that maintaining about 10 percent nominal annual growth will depend on reforms in land, labor and capital markets.
• Economists broadly support a $25–30 trillion GDP range by 2047 but caution that policy implementation hurdles could threaten the targets.