Can India Reach $20 Trillion by 2036? Report Says Yes, With 20 Reforms
What Happened
An Equirus report argues that India could grow into a $20 trillion economy by 2036 if it implements a 20-point reform agenda spanning infrastructure, capital markets, services, human capital, and governance. Key proposals include bringing fuel under GST, listing Indian Railways, creating a sovereign wealth fund, deepening bond markets, cutting TDS, boosting R&D, and expanding high-value services such as technology, tourism, and GCCs.
Key Takeaways
The report says India would need sustained growth well above historical trends, with the services sector becoming the main engine of expansion, to bring forward the $20 trillion milestone by more than a decade. Without major reforms, the same target may only be achieved closer to 2047.