India’s $8 Trillion Economy Targeted by 2035 with Digital Transformation, But Challenges Remain: Experts

India is on track to become an $8 trillion economy by 2035, driven by its rapid digital transformation and the establishment of key infrastructure such as Aadhaar and UPI. Despite this promising growth forecast, the country still faces challenges that need to be addressed to sustain this momentum. Income disparity, low levels of formalization in the economy, and productivity gaps are among the key issues that need to be tackled to ensure inclusive growth and development. Addressing these challenges will be crucial in realizing India’s full economic potential and ensuring that the benefits of growth are shared equitably across all segments of society. As the country continues on its path towards becoming a global economic powerhouse, policymakers and stakeholders must work together to implement effective strategies that promote sustainable and inclusive growth. By addressing these challenges head-on, India can unlock its full economic potential and secure a prosperous future for all its citizens.

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