Can India Reach a $30 Trillion Economy by 2047? Jayant Sinha Weighs In

Jayant Sinha, a senior economist and former government minister, told Business Today that reaching a $30 trillion economy by 2047 is technically feasible but requires sustained high‑growth rates of around 8‑9% annually. He highlighted that India’s young demographic profile, expanding middle class and ongoing structural reforms could provide the necessary momentum. Sinha also stressed that the pace of investment in infrastructure, digital technology and clean energy must accelerate to close the productivity gap with advanced economies. He warned that policy consistency, fiscal prudence and inclusive growth are essential to avoid widening inequality and to keep the reform agenda on track. The economist concluded that while the target is ambitious, it can serve as a rallying point for policymakers, businesses and citizens alike.