India Likely to Enter Upper-Middle-Income Group by 2030: SBI Report:

India Likely to Enter Upper-Middle-Income Group by 2030: SBI Report:

Daily Current Affairs   /   India Likely to Enter Upper-Middle-Income Group by 2030: SBI Report:

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Category : Business and economics Published on: January 21 2026

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  • India is expected to move into the upper-middle-income category by 2030, joining countries such as China and Indonesia, according to a State Bank of India report.
  • The report projects India’s per capita income to reach $4,000 by the end of the decade.
  • India’s economic transition has been gradual, taking 60 years to move from a low-income to a lower-middle-income nation in 2007. During this period, per capita income rose from $90 in 1962 to $910 in 2007, growing at a compound annual rate of 5.3%.
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