According to Crisil Ratings, India's GDP growth is anticipated to reach 6.8 percent in the upcoming fiscal year, with the country poised to ascend to an upper middle-income status by 2031, accompanied by a doubling of the economy to USD 7 trillion.
Outlined in its India Outlook report, Crisil suggests that the Indian economy will derive momentum from both domestic structural reforms and cyclical factors, thereby potentially sustaining or even enhancing its growth trajectory to secure the position of the world's third-largest economy by 2031.
"Following a robust performance of 7.6 percent this fiscal year, India's real GDP growth is expected to moderate to 6.8 percent in fiscal year 2025," the Crisil India Outlook report affirmed.
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