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<h1>India set to reach upper middle income by 2030 with per capita GNI near USD 4,000 and sustained nominal GDP growth.</h1> India is projected to reach upper middle income status by 2030 with per capita GNI near USD 4,000-4,500. SBI Research sets GDP milestones of USD 5 trillion by about 2027/FY28 and USD 10 trillion by 2035/FY36, and calculates required nominal GDP growth of about 11.5 percent (assuming 0.6% population growth and ~2% deflator) to meet long term high income per capita targets, emphasizing continued structural reforms as the operative condition.
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