India's Executive Director at the International Monetary Fund, Krishnamurthy Venkata Subramanian, said India's economy could grow at 8% until 2047 if good policies are redoubled and reforms accelerated. He emphasised the need to strengthen the domestic economy and encourage job creation in the manufacturing sector through reforms in land, labor, capital, and logistics sectors. Subramanian highlighted the potential for India to become a USD 55 trillion economy by 2047 if it maintains an 8% growth rate.
