India can achieve $55 trillion economy by 2047 by leveraging AI talent: Former CEA
Former Chief Economic Adviser (CEA) Krishnamurthy V Subramanian has said that India can achieve a $55 trillion economy by 2047 by leveraging its young demographic in artificial intelligence (AI) and strengthening its presence in key sunrise sectors. He noted that sustained real Gross Domestic Product (GDP) growth of 8 per cent along with strategic capital deployment could generate significant compounding gains across the country’s core economic pillars.
He described the $55 trillion target for a ‘Viksit Bharat’ as achievable, driven by the power of compounding growth, ethical wealth creation and structural policy reforms. He also emphasised the importance of attracting high-quality Foreign Direct Investment (FDI), expanding world-class electronics and industrial manufacturing under global value chain integrations, and developing a highly skilled young workforce proficient in AI.
He said ‘by expanding high-value manufacturing, harnessing our vast young demographic in AI and emerging capabilities, and establishing global dominance in sunrise sectors like space and defence tech, India is not merely expanding its economic footprint -- it is delivering a resilient economic blueprint for the modern world.’ He also spoke about India's strategic leap into high-barrier frontier industries -- specifically defence manufacturing, dual-use technology transfer, and commercial space tech -- as vital catalysts for technological self-reliance, national defence capabilities, and high-value export growth.
