Will the Indian economy be the next global growth engine？
As the fastest-growing economy in the world over our forecast period, India will achieve a compound annual growth rate of 5.3% of GDP between 2022 and 2050. The country will play an important part in the global energy and resource landscape. In this insight, we look at the factors driving India’s economic growth from demographics and urbanisation to capital investment and productivity improvement. Furthermore, the restructuring of global supply chains is an opportunity for India to repeat what China has accomplished as the world factory in the past 20 years. But India must find a balance. Strong economic growth translates to rising energy and commodity demand. Could India’s economic path put its target of net-zero emissions by 2070 out of reach?