India can reach a $5.1 trillion economy by FY29 as growth strengthens: Omniscience Capital

India's economy is expected to reach a significant milestone of $5.1 trillion by the end of the fiscal year 2028-29. This growth is driven by stronger real economic growth and healthier balance sheets, which have been recovering from the pandemic and rupee depreciation. The country's real GDP growth has averaged 7.4% between FY22 and FY26, indicating a sustained period of expansion. This achievement would mark a major success for India's economic development and could have positive implications for trade and investment in the region.

Why it matters

India's economy is expected to grow strongly, supported by healthier balance sheets. This could lead to increased investor confidence and a stronger market.

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