Page 139 of Congress

India’s economy is projected to grow at an average rate of 6.7% from 2025 to 2040, surpassing China’s 3% growth. The nominal GDP is expected to reach $5.6 trillion by 2030 and $11.5 trillion by 2040. Per capita income is set to exceed $7,000 by 2040. Demographics and labour availability will contribute to growth, along with investments in human capital and infrastructure. Manufacturing is