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India may transform into an upper middle income economy by FY33-36: India Ratings and Research

Listing out various scenarios, the agency said that to become a $5 trillion economy by FY30 with per capita income of $ 3,467, the economy would require a real GDP growth rate of 6.25%, GDP deflator growth 3.5% and INR/USD depreciation 3.25%. But to transform to a $5 trillion economy by FY2029 with capita income of $ 3,530, real GDP growth per annum would have to be faster at 8%.
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RBI Policy: India's real GDP growth for FY25 projected at 7%

The Reserve Bank of India (RBI) projects a 7% real GDP growth for the upcoming financial year 2024–25, up from the previous projection of 6.6%. This projection includes a growth rate of 7.2% in Q1, 6.8% in Q2, 7% in Q3, and 6.9% in Q4. ....

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