Edition 13 – India at US $10 TN:If? How?

In
its
eighth
decade
of
independence,
India,
 with
its
large
digitally
enabled
middle
class,
is
 looking at an unprecedented economic
 growth.Over
 the
 past
 two
 decades,
 India’s
 GDP
has
risen
from
~US$0.5tn
to
US$2.9tn,
 thereby
moving
millions
of
its
citizens
into
the
 middle
 class
 category.
 We
 believe
 that
 the
 ground
work
is
in
place
for
India
to
become
a
 US$10tn economy
over
the
next
10-15
years.
 Per capita income rising to ~US$6500
 (assuming population of 155cr.) from
 ~US$2000
 (assuming
 population
 of
 138cr.)

 coupled
with
 a
9%
GDP
growth
rate
would
 help
 secure
 India’s
 needs
 to
 create
 10-12m
 jobs
 every
 year.
 In
 this
 note,
 we
 set
 out
 to
 understand what sectors will help India
 achieve
 the
 US$10tn
 economy
 targe