New Delhi, Dec. 31 -- India is well poised to remain the fastest-growing large economy in the world over the coming decades, with its Gross Domestic Product projected to reach USD 26 trillion in market exchange rate terms by 2047-48, according to EY's report 'India@100: Realizing the potential of a USD 26 trillion economy'.

The report also projected that India's per capita income would exceed USD 15,000 by 2047-48, placing it among the ranks of developed economies.

India celebrated the 75th anniversary of its Independence in 2022, a milestone that, EY noted, offers not only an opportunity to reflect on past achievements but also to articulate a long-term vision for the country's future.

The central government has set an ambitious goal ...