India could reach $5.1 trillion economy by FY29, says OmniScience Capital

OmniScience Capital projects India's economy could reach $5.1 trillion by fiscal year 2029, driven by stronger real growth and healthier corporate balance sheets. The economy has averaged real GDP growth of 7.4 per cent between FY22 and FY26.

The $5 trillion milestone was previously delayed due to the pandemic and rupee depreciation. Under an optimistic scenario, India's GDP could expand further to $5.9 trillion by FY29, according to the analysis.