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Date: 23/04/2024

GDP to grow 8-8.3 pc in FY25: PHDCCI

India’s economy is estimated to grow at 8-8.3 per cent in the current fiscal, said industry body PHDCCI Chief Economist Mr SP Sharma. The country’s GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000. India’s economy has robust growth fundamentals. Gradually after 2035, the growth rate will start decelerating from the peak and on average the real GDP will be 6.7 per cent overall in the next 23 years. The Chamber has also suggested 10 key enablers for the country to become a developed economy by 2047, as per a report.

source: Exim News Service: New Delhi, April 22