According to m.economictimes.com, Chief Economic Adviser Krishnamurthy V Subramanian outlined a pathway for India to achieve a $55 trillion economy by 2047, anchored in artificial intelligence, high-value manufacturing, and strategic foreign investment.
Economic Vision and Growth Trajectory
Subramanian, speaking at the ‘India 2047 Leaders TALK,’ emphasized that sustained 8 per cent real GDP growth — coupled with disciplined capital deployment — would generate compounding value across core sectors. He described the goal as ‘an achievable reality driven by the power of compounding growth, ethical wealth creation, and bold structural policy.’ According to the International Monetary Fund’s (IMF) World Economic Outlook, published in April 2026, India’s nominal GDP stood at $3.92 trillion in 2025-26, ranking it the sixth-largest economy globally.
Strategic Levers: FDI, Manufacturing, and Talent
The report underscores the interdependence of attracting high-quality Foreign Direct Investment (FDI), scaling world-class electronics and industrial manufacturing within global value chains, and building a hyper-skilled youth cohort fluent in AI. Subramanian stated:
“By expanding high-value manufacturing, harnessing our vast young demographic in AI and emerging capabilities, and establishing global dominance in sunrise sectors like space and defence tech, India is not merely expanding its economic footprint — it is delivering a resilient economic blueprint for the modern world.” — Krishnamurthy V Subramanian, Chief Economic Adviser
Frontier Industries and Macroeconomic Context
The former IMF Executive Director for India and South Asia highlighted defence manufacturing, dual-use technology transfer, and commercial space technology as vital catalysts for technological autonomy and high-value export growth. Meanwhile, the Reserve Bank of India’s (RBI) latest forecast pegs India’s economic growth at 6.7 percent, supported by robust domestic demand, manufacturing and services activity, and strong exports — despite global headwinds from the West Asia conflict and trade tensions.
Source: m.economictimes.com
Compiled from international media by the SCI.AI editorial team.
