#Adani BTIndiaAt100 | IMF’s K Subramanian: India Can Become A $55 Trillion Economy By 2047

At the Adani_BTIndia@100 Summit, Krishnamurthy Subramanian, Executive Director of the International Monetary Fund (IMF), shared his optimistic projection for India's economic future. He estimated that by 2047 when India celebrates 100 years of independence, the country could become a $55 trillion economy. While acknowledging that this ambitious goal may seem daunting, Subramanian drew parallels with Japan and China's rapid economic growth during challenging periods, emphasizing that India's path is not only achievable but also backed by robust economic fundamentals. Subramanian highlighted the significant role of controlled inflation and currency depreciation in reaching this target. He pointed out that since the implementation of India's inflation targeting regime in 2016, inflation has averaged 5%, a significant decrease from the 7.5% average prior to 2016. This controlled inflation is expected to lead to a more stable rate of currency depreciation, which, when combined with sustained real GDP growth of 8%, forms the basis of his $55 trillion projection.