India's GDP expected to grow at 6.8% in FY25, to attain upper middle-income status by 2031

Crisil Ratings projects India's GDP growth at 6.8% in the next fiscal, foreseeing the economy doubling to $7 trillion by 2031, making India the third-largest global economy. The report anticipates sustained growth, supported by domestic reforms, propelling per capita income to the upper-middle income category. Crisil highlights manufacturing's pivotal role, driven by capacity utilization, global supply-chain diversification, infrastructure investments, and lender strength
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