India Can Build $55 Trillion Economy By 2047 By Capitalising On Its Young Demographic In AI: Ex-CEA
Subramanian, a former IMF executive director for India and South Asia, also spoke about India's strategic leap into high-barrier frontier industries -- specifically defence manufacturing, dual-use technology transfer, and commercial space tech -- as vital catalysts for technological self-reliance, national defence capabilities, and high-value export growth
New Delhi: Former chief economic adviser Krishnamurthy V Subramanian on Tuesday said that India can build a $55 trillion economy by 2047 by capitalising on its young demographic in artificial intelligence and dominating key sunrise sectors.
"A sustained 8 per cent real GDP growth in India, coupled with strategic capital deployment, will unlock compounding value across the country's core economic pillars," he said, while addressing 'India 2047 Leaders TALK' here.
Subramanian, a former IMF executive director for India and South Asia, also spoke about India's strategic leap into high-barrier frontier industries -- specifically defence manufacturing, dual-use technology transfer, and commercial space tech -- as vital catalysts for technological self-reliance, national defence capabilities, and high-value export growth.
Highlighting the critical interplay of attracting high-quality foreign direct investment (FDI), Subramanian said that building a $55 trillion Viksit Bharat by 2047 is an achievable reality driven by the power of compounding growth, ethical wealth creation, and bold structural policy.
"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," he said.
The International Monetary Fund (IMF) in its World Economic Outlook for April 2026 noted India's nominal GDP at $3.92 trillion for 2025-26, which makes India the sixth-largest economy in the world. According to RBI's latest economic growth forecast, the Indian economy in the current financial year is projected to grow at 6.7 per cent, supported by robust domestic demand, manufacturing and services activity and strong exports, despite heightened global uncertainty stemming from the West Asia conflict and trade tensions.