India could be a $16 trillion economy by 2040-42, says report
India's economy is set for major growth, with a new report predicting GDP will jump from $4 trillion now to $16 trillion in the next 17 years.
Even with past bumps like demonetization and COVID-19, Raamdeo Agrawal says India's strong foundation should keep things moving steadily.
Stock market and savings on the rise
By the early 2040s, India's stock market could hit $20-25 trillion as incomes climb and more people invest their savings.
The shift toward financial investments is expected to boost wealth and fuel demand for things like cars, homes, and premium goods—much like what happened in China.
Growth won't be derailed by setbacks
Motilal Oswal's Agrawal admits there will be "potholes" along the way but believes these won't stop India's momentum.
He points out that steady compounding of gains and expanding financial markets are key to staying on track—even when challenges pop up.