India's Economic Transformation, 2030

A Thriving Digital Economy, Strong Consumption Prospects, and Increasing Capital Investments Will Insulate from Global Economic Volatility and Fuel Sustainable Growth

With an average real GDP growth of 6.4% between FY2026 and FY2030, India is on track to become the world's third-largest economy by the end of this decade. This growth trajectory will be fueled by robust domestic consumption, a rising working-age population, digital transformation across key sectors, strong capital expenditure, and policy-driven manufacturing initiatives, enhancing India's global competitiveness despite external vulnerabilities and trade imbalances. Targeted tax reforms and production-linked incentives will further drive industrial investment, while a stable monetary environment will solidify consumption and macroeconomic stability.

This thought leadership piece delves into India's growth potential, driven by technology, digitalization, strong domestic consumption, and a transforming healthcare sector. As urbanization accelerates, strategic investments in expanding and optimizing supply chains will be crucial to meeting rising infrastructure demands. With these developments in place, India's economic growth story remains poised for a future of dynamic, inclusive, and robust growth, creating immense opportunities for businesses and investors across the globe.