HDFC Securities predicts India's GDP to double by 2030

In a recent report, brokerage house HDFC Securities projected that India's GDP is likely to soar, doubling from its current $3.57 trillion mark in FY24E to a substantial $7 trillion by 2030. 

This remarkable growth trajectory owes much to India's advantageous demographics and unwavering policy backing.

Notably, the nation is witnessing decade-long economic trends that are propelling the expansion of businesses across diverse sectors, said the brokerage.

These include rising discretionary spending pools, digitisation, capex/infra investment, green energy adaptation, etc.