India’s Economic Evolution: From command to a high-growth market economy
Structural Reforms, Growth Inflection Points and the Long Arc to “Viksit Bharat 2047”
Since 1947, India has transitioned from a state-led, agrarian economy to a market-oriented emerging giant, with liberalization post-1991 serving as a key inflection point
Real GDP growth has averaged 6.0% since 1980, with recent momentum underscored by a 7.4% YoY expansion in Q4 FY2024–25 despite global volatility
The medium-term outlook remains positive, underpinned by robust consumption, improving investment dynamics and ongoing fiscal consolidation efforts
The “Viksit Bharat 2047” agenda outlines a long-term roadmap to high-income status, though execution risks remain amid structural bottlenecks
Rising geopolitical tensions, particularly with Pakistan, and persistent structural inefficiencies pose downside risks
Favourable demographics, digitalization and strong FDI flows offer structural support
Viewers can log here below and read the full report:
