Economy

What Is Driving India Toward The Upper-Middle-Income Category, Joining China By 2030?

January 19, 2026

India is projected to reach a per capita income of $4,000 by 2030, transitioning into the upper-middle-income category alongside China and Indonesia, according to a report by the State Bank of India. This milestone reflects significant economic growth, with India having achieved $1 trillion in GDP in 60 years since independence and reaching $4 trillion in just four years from 2021.

What Is Driving India Toward The Upper-Middle-Income Category, Joining China By 2030?

Credit: Timesnownews

Key Highlights

India is expected to join the upper-middle-income category by 2030.
Projected per capita income is $4,000 by 2030.
India achieved $1 trillion GDP in 60 years post-independence.
India reached $4 trillion GDP in 2025, just four years after hitting $3 trillion.
The country is on track to reach $5 trillion in GDP within the next two years.

India Business

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

What Is Driving India Toward The Upper-Middle-Income Category, Joining China By 2030?

Key Highlights

Sources

Related Stories

Jerome Powell will attend Supreme Court hearing on Lisa Cook’s firing

WH Launches Federal Investigations as Minnesota Protests Grow

IMF raises India's growth forecast to 7.3% in FY26; sees steady global growth