NITI Aayog's dream of a $10-trillion Indian economy by 2032 pared to half

An HSBC report estimates that the size of China's economy by 2030 will be $20 trillion bigger than India's, and Bangladesh will record the highest GDP growth rate

In 2016, NITI Aayog Chairman Amitabh Kant projected that India would become a $10-trillion economy by 2032. It seems this optimistic prediction has been cut into half: In a report titled ‘The World in 2030’, HSBC has stated that the country’s economy would grow to $5.9 trillion by 2030 from an estimated $2.8 trillion at present.

The report, released in September 2018, states: “One of the most striking rises among the rankings will be by India, which is set to become the world’s third-largest economy in just over a decade, up from seventh today – leapfrogging the second- and third-largest