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India's former chief economic advisor projects 8% annual growth for the next 20 years, driven by economic formalization, tech adoption, and rising female workforce participation.
Former Chief Economic Advisor Krishnamurthy Subramanian said India could sustain 8% average annual growth over the next 20 years, positioning the country to become one of the world’s top two economies.
Speaking at the FICCI CFO Summit 2026, he cited formalization of the economy, technology adoption, and female labor force participation—up from 23% to 42% in six years—as key drivers.
He stressed that even at 8% growth, per capita income would remain below levels where growth typically slows, leaving room for continued expansion.
Subramanian emphasized the need for strategic planning, optimism, and alignment between finance and policy to achieve this trajectory, calling it a historic opportunity.
El ex asesor económico jefe de la India proyecta un crecimiento anual del 8% durante los próximos 20 años, impulsado por la formalización económica, la adopción de la tecnología y la creciente participación de la fuerza laboral femenina.