Will India’s economy be $5 or $10 trillion in 2030?

India’s economy is currently at $2.6 trillion on an exchange rate basis. Hong Kong Shanghai Bank and forecasters agree that India will surpass Japan to become the number three economy in the world. India’s government has a target of a $10 trillion economy by 2030. The strength of the US dollar relative to the Indian Rupee will be the key factor. India will likely continue to grow at about 5-9% annual GDP growth. There were periods where the Rupee currency has dropped for extended periods of time relative to the dollar. India’s nominal exchange rate GDP was flat from 2011