India Needs Faster Growth to Reach $20 Trillion Economy by 2036

A new report by Equirus suggests that India must achieve sustained high growth and a 14.2% appreciation in the rupee to reach a $20 trillion economy by 2036.

The report outlines a 20-step reform path, including the abolition of advance tax and the tapering of small-savings schemes to accelerate capital formation.

Economists emphasize that tax reforms are critical to unlocking domestic investment and deepening bond markets to support this long-term economic trajectory.