Question
According to a report by the PHD Chamber of Commerce and
Industry (PHDCCI) on 'Viksit Bharat @2047', what is the projected size of the Indian economy by 2047?Solution
The report by the PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047' projects that the Indian economy will attain a size of $34.7 trillion by 2047, with a per capita income of $21,000. Additionally, it forecasts a decrease in the share of agriculture in total GDP to 12% in FY47 from 20% in the previous year, while the share of industry is expected to rise from 26% to 34% during the same period.
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