EY forecasts India to become USD 26 trillion economy by 2047

India is likely to become a USD 26 trillion economy by 2047 with per capita income growing six times from current level to more than USD 15,000 during the period, as per an EY report. The country would have a significant advantage owing to its strong domestic demand, digitalisation, largest talent pool globally, financial inclusion, global competitiveness and sustainability transition. EY recommended that India must ensure macro-economic stability and resilience and continue to lay thrust on reforms, which would be especially relevant in the backdrop of ongoing geo-political conflicts, inflationary pressures and slowing global growth.