India's economy could hit $9 trillion by 2030 with reforms, but faces infrastructure investment needs.

India's economy is on track to surpass $7 trillion by 2030, with potential to reach $9 trillion under aggressive growth and reforms, as stated by Arvind Panagariya, Chairman of India's 16th Finance Commission. Achieving this growth requires addressing structural issues like high urban land costs and increasing private investment in key sectors such as renewable energy, data centers, roads, and logistics. The country needs $2.2 trillion in infrastructure investment by 2030, highlighting the need for private sector involvement to balance fiscal targets and support long-term economic growth.

December 11, 2024
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