New Delhi, April 28 -- India is moving towards becoming an USD 8 trillion economy by 2035, but it faces several big challenges along the way, according to The Great Unlock: India in 2035 report by Nandan Nilekani, Co-Founder and Chairman of Infosys and Arkam Ventures.

The report highlighted four main hurdles: income disparity, lack of formalisation, market access issues, and low productivity.

It mentioned that India's growth has been unequal, with just 13 of 788 districts contributing to half of the country's GDP. Huge income gaps exist, with the top 10 per cent earning nearly 60 per cent of India's total income. Approximately 200 million workers migrate from poorer regions to more affluent states in search of employment.

Low productiv...