India Poised to Cross $4 Trillion GDP Mark This Fiscal: CEA
Chief Economic Advisor V. Anantha Nageswaran announced that India is on track to surpass the $4 trillion GDP mark within the current fiscal year, rising from its present size of $3.9 trillion. He highlighted that this milestone comes at a time when global geopolitics is undergoing major shifts, making sustained economic growth essential for India’s strategic influence and global standing.
Speaking at the IVCA Green Returns Summit 2025, Nageswaran stressed that India’s green transition—including climate action, energy reforms, and environmental commitments—must align with both short- and medium-term development goals. He said India recognizes the risks posed by climate change and remains committed to achieving net-zero emissions by 2070.
He also referenced broader economic optimism shared by policymakers such as Arvind Panagariya, who recently stated that India could become a $10 trillion economy within the next decade if current growth rates persist. As part of the “Viksit Bharat” vision, India’s per capita income—currently around $2,570—could rise to $14,000 by 2047 with steady annual growth of 7% or more, supporting the nation’s aspiration to achieve developed-economy status.
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