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flag 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.

flag 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. flag 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. flag He stressed that even at 8% growth, per capita income would remain below levels where growth typically slows, leaving room for continued expansion. flag Subramanian emphasized the need for strategic planning, optimism, and alignment between finance and policy to achieve this trajectory, calling it a historic opportunity.

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