India is on track to become an $8 trillion economy by 2035, driven by its rapid digital transformation and the development of key infrastructure such as Aadhaar and UPI. Despite this promising outlook, the country still faces significant challenges that need to be addressed in order to sustain this growth. Issues such as income inequality, low levels of formalization in the economy, and productivity gaps remain major hurdles. In order to fully realize its economic potential, India must focus on bridging these gaps and creating a more inclusive and efficient economy. Initiatives to boost formalization, improve productivity, and reduce income disparity will be crucial in driving sustainable growth in the years to come. By addressing these challenges head-on, India can pave the way for a more prosperous and equitable future for all its citizens.