Photo by Martin Jernberg on Unsplash

Introduction

The ET Now Business Conclave & Awards 2025 recently highlighted India’s ambitious goal to reach a $10 trillion economy by 2035, a vision delineated by COO Rohit Chadda. This event underscored key thematic areas such as business, markets, personal finance, and the overall economy. As India projects this economic milestone, diverse perspectives emerge on its feasibility and implications.

Conservative Perspective

Fiscal Responsibility and Market Confidence

From a conservative standpoint, India’s $10 trillion vision is notable for its emphasis on fiscal responsibility and strengthening market confidence. Proponents argue that implementing prudent fiscal policies will help maintain fiscal discipline, reduce inflationary pressures, and ensure sustainable growth.

Key Arguments and Factors:

• Maintaining fiscal discipline is crucial for stability and investor confidence.
• Encouraging private sector engagement to drive innovation and efficiency.
• Bolstering infrastructure development to enhance productivity and connectivity.

Conservatives believe these strategies will reinforce India’s market structures, offering resilience against global uncertainties.

Liberal Perspective

Inclusive Growth and Social Equity

From a liberal perspective, achieving a $10 trillion economy should prioritize inclusive growth and social equity. Advocates highlight the importance of addressing income disparities, investing in social infrastructure, and fostering sustainable development paths.

Key Implications and Concerns:

• Ensuring equitable resource distribution to mitigate socio-economic inequalities.
• Enhancing investments in education and healthcare for long-term benefits.
• Promotion of environmental sustainability within economic policies.

Liberals emphasize that inclusivity is essential for durable and comprehensive economic growth, benefiting all sectors of society.

Conclusion

India’s journey toward a $10 trillion economy by 2035 is both a formidable challenge and an opportunity for transformation. As perspectives diverge on the path forward, the convergence of fiscal prudence and socio-economic inclusivity may pave the way for realizing this vision. Balancing fiscal discipline with equitable growth strategies could ensure that India’s economic landscape evolves into a robust and inclusive system benefiting all its citizens.