India's Economy Projected to Reach $20 Trillion by 2046

India's economy is projected to reach $20 trillion by 2046 if its current growth pace holds, according to Chief Economic Adviser V Anantha Nageswaran. He says the country doesn't need 'heroic assumptions' to meet this target.

Nageswaran estimates that if real growth averages 7% a year over the next decade and US inflation is about 3%, then the growth rate in dollar terms will be 10% a year.

India's economy has already shown impressive growth, expanding at an average annual rate of 8.8% in dollar terms between 2000 and 2024, compared to 6.3% when measured in inflation-adjusted terms.