Raamdeo Agrawal: India to achieve $16T GDP by 2042

• Raamdeo Agrawal projects India's GDP to reach $16 trillion by 2040-42, entering a multi-trillion-dollar growth phase.
• This forecast is based on a 12% nominal GDP growth rate over 17 years, driven by consistent compounding from a larger economic base.
• India's stock market capitalization is expected to grow to $20-25 trillion by the early 2040s.
• Rising per capita income will transform consumption, particularly in automobile demand and discretionary spending.
• The biggest long-term opportunity is the explosion in savings and investments, driven by expanding incomes and financialization of household savings.

Why It Matters: India's projected $16T GDP by 2042 signals immense economic growth and investment.