India can emerge as $55tn economy by 2047: Ex-CEA Subramanian

India had the potential to become a $55 trillion economy by 2047 if it managed an 8% GDP growth rate annually, stated IMF executive director KV Subramanian. He highlighted the power of compounding and India’s historical 7% growth rate, implying India could double its GDP every six years, urging laborious efforts for this ambition.