India Could Become $20 Trillion Economy By 2036 With 14.2% Rupee Growth: Equirus
New Delhi, [India] August 16: India could reach a $20 trillion economy by 2036 if it can raise underlying rupee growth to around 14.2 per cent and achieve sustained annual rupee appreciation of about 3-3.6 per cent, according to a research report by domestic brokerage firm Equirus that lays out a 20-step reform agenda. Equirus estimated that these measures could lift India's growth trajectory…
Mumbai, August 16: A research report from Equirus suggests India could potentially reach a $20 trillion economy by 2036 if it manages to grow its underlying rupee by approximately 14.2 percent and maintain a steady annual rupee appreciation of 3-3.6 percent. The report outlines a 20-step reform agenda to achieve this ambitious target, which would require India's economy to expand five and a half times from its current base of about $3.7 trillion.
Services are expected to drive this growth, with the sector currently contributing 54 percent of GDP and needing to expand beyond 65 percent, from roughly $2 trillion to over $11 trillion. Manufacturing, however, faces challenges from a more protectionist global environment. The report emphasizes that the composition of growth is as crucial as its pace, with services playing a vital role in the expansion.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
