The report identifies significant opportunities for businesses in manufacturing, services, and MSMEs (Micro, Small, and Medium Enterprises).
India's nominal GDP is projected to grow from USD 3.5 trillion in 2023 to USD 22.8 trillion by 2047, with an annual growth rate of 7.5 per cent.
The services sector is expected to dominate, increasing its contribution to GDP from 54.2 per cent in 2023 to 60 per cent by 2047.
Manufacturing is set to witness modest growth, accounting for 18 per cent of GDP, while agriculture's share is projected to decline significantly to 10 per cent.
This story is from the November 30, 2024 edition of The Business Guardian.
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This story is from the November 30, 2024 edition of The Business Guardian.
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