India’s $20 trillion economy by 2036: The 5 growth engines that could unlock its next leap
Equirus Capital's report suggests India could reach a $20 trillion economy by 2036, requiring a fivefold growth in over a decade. The report emphasizes that growth quality, particularly in services, is crucial, projecting services will rise from 54% to over 65% of GDP. Key reforms, including a 10-year tax holiday for cold storage, are essential for achieving this target.