Current Affairs - Economy - Discussion

India is projected to become the world’s second largest economy in purchasing power parity (PPP) terms by 2038, with an estimated GDP of USD 34.2 trillion. This milestone will be driven by multiple factors including a youthful demographic profile, strong domestic demand, and high savings rates that fuel capital formation. Additionally, India’s declining debt-to-GDP ratio, coupled with structural reforms such as GST, IBC, UPI-led financial inclusion, and production-linked incentives, will support sustainable growth. Investments in infrastructure, renewable energy, and emerging technologies further strengthen this trajectory, positioning India as a global growth engine and a key player in the future economic landscape.