India a $10 trillion economy by 2030: Underestimation or business as usual?

Despite the big $10 trillion number, average per capita real income would still work out to only about $3,270 by 2030; India would still rank 28th on GDP per capita at purchasing power parity by 2050

Recently, economic affairs secretary Subhash Garg made headlines when he said that India is expected to be the world’s third largest economy with a GDP of $10 trillion by 2030.

On the face of it, the $10 trillion number sounds impressive, and that too in a short span of just 12 years. 

So what did Mr Garg factor in as the economy’s growth rate over this period while making this projection? And is it  a case of underestimation or is it business as usual?

At the end of 2017, India’s GDP at current prices stood at $2.59 trillion, according to