%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(53).png "India Set to Become High-Income Nation with USD 23-USD 35 Trillion GDP by 2047")
Key Highlights of the Report:
a) $23–$35 trillion
b) $10–$15 trillion
c) $40–$50 trillion
d) $15–$20 trillion
- Vision: The report outlines a strategic roadmap to position India as a high-income, developed economy by 2047, with a projected GDP of $23–$35 trillion.
- Key Sectors: It identifies five key sectors—electronics, energy, chemicals, automotive, and services—as strategic growth levers.
- Technological Advancements: The report emphasizes advancements in AI, quantum technology, digital manufacturing, and other innovations to drive economic growth.
- Workforce Development: It highlights the importance of workforce readiness, with about 200 million individuals expected to join the workforce.
- Challenges and Strategies: The report addresses challenges such as supply chain disruptions, infrastructure gaps, and regulatory issues, and suggests strategies like smart factories and generative AI for growth.
Question:
Q.1 What is the projected GDP range of India by 2047, as per the NASSCOM and Bain & Company report?a) $23–$35 trillion
b) $10–$15 trillion
c) $40–$50 trillion
d) $15–$20 trillion
Answer: a) The report envisions India as a high-income, developed economy by 2047 and projects its GDP to reach between $23 trillion and $35 trillion.
