India Projected to Join Upper-Middle-Income Economies by 2030, SBI Reports

According to SBI Research, India is on track to become an upper-middle-income country by 2030, joining China and Indonesia in this category. The report highlights India's accelerating economic growth, with the economy expected to reach $5 trillion within two years. Per capita income milestones show steady progress, projected to reach $4,000 by 2030. India's growth percentile has improved globally, and sustained growth rates suggest potential to achieve high-income status in the coming decades, though thresholds may change.