https://www.taxtmi.com/news?id=67836 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. en-us Mon, 19 Jan 2026 18:01:09 +0530 Mon, 19 Jan 2026 18:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67836 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. News - Mon, 19 Jan 2026 18:01:09 +0530 https://www.taxtmi.com/news?id=67836