India likely to be $6.5-7 trillion economy by 2030: Debroy

India is expected to be a USD 6.5-7 trillion economy by 2030, and at the current exchange rate it would touch USD 10 trillion by 2035-40, Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) Bibek Debroy said.

The per capita income in India by 2030 will however be just USD 4,000, still less than many other countries, he said.

“In the year 2030, India’s national income will be around USD 6.5-7 trillion. If exchange rate remains what it is today then by 2035-40, India will be USD 10 trillion economy”.

“And if exchange rate appreciates then India will be USD 10 trillion economy before 2035,” Debroy said at Skoch summit in New Delhi.

India’s GDP or gross domestic product is nearly USD 2.5 trillion at present and the country ranks as the sixth largest economy in the world.

Debroy further said that India will be a remarkably different country as the size of its economy will enhance the country’s role in global affairs.

(Agencies)