Team Blitz India
NEW DELHI: The Indian economy is set to witness significant growth, with projections indicating a GDP expansion of 6.8 per cent in the next fiscal year. This growth trajectory positions India to attain upper middle-income status by 2031, with the economy expected to double to $7 trillion, said ratings agency Crisil on March 6.
According to the India Outlook report by Crisil, the country’s economic progress will be supported by domestic structural reforms and cyclical factors. Crisil anticipates that India could potentially even surpass its growth prospects, aiming to become the world’s third-largest economy by 2031
“After a better-than-expected 7.6 per cent this fiscal, India’s real GDP will likely moderate to 6.8 per cent in fiscal 2025,” said the Crisil report.
It said that the next seven fiscals (2025-2031) will see the Indian economy crossing the $5 trillion-mark and inching closer to $7 trillion.
