India: A $55T economy by 2047

India’s projected nominal growth rate (real growth rate + inflation - USD/Rupee deflation) is estimated to be 12% over the next 25 years, according to IMF Executive Director Krishnamurthy Subramanian. This projection would transform India into a $55T economy by 2047—a 16X increase over the next 25 years. For comparison, Japan's GDP grew 26X from 1970 to 1995, and China’s GDP grew 22X from 1990 to 2015.