It is not just GDP but how you get there.

In a difference of opinion "HSBC has projected that India's gross domestic product (GDP) would reach the size of about $5.9 trillion by 2030 rather than $10 trillion Niti Aayog had projected for 2032," wrote VA Nageswaran. India was ranked at 115 out of 157 in the World Bank's Human Capital Index, which has been rejected by the Indian government. At 55.65% of Gross Value Added the services sector dominates the economy in India, employs 28.6% of the population and exports worth $18.7 billion. Productivity is poor because, "Long-term is most often traded for the short-term and there is far too much emphasis on form over substance. This leads to a control mindset that focuses on inputs than outputs or outcomes." Low productivity is a result of 'high strain jobs'. High strain is caused because "there is responsibility and accountability for outcomes without authority to execute". On the other hand, "there is authority without responsibility or accountability for outcomes and that is what leads to high strain on others". So, we have 'twin surplus' problem: "Big egos and small minds are in surplus". It is because of poor productivity and outcomes that India chronically suffers a twin deficit problem, a budget deficit and a current account deficit. Productivity is poor because there is little investment in technology. 80% of employment is in small enterprises in the unorganized sector and the rise of businesses owned by women is contributing to small enterprises, wrote E Ghani. India is not creating enough jobs despite a scorching growth in GDP, wrote A Nag and V Beniwal. Instead of increasing employment the Goods and Services Tax (GST) may have cost hundreds of thousands of jobs as small businesses have suffered. India is the second most unequal nation in the world and this will impact growth, wrote Prof N Banik. "Things are going to get worse with an escalating cost of living, healthcare and education, and the fact that less than 2% of Indians who apply for jobs each day get one." "India's labour productivity -- economic output per hour of work -- is just 15% of US levels." The only way to improve productivity is to use technology. Trouble is that technology needs capital investment which could be considerable and may need regular updates. Human labor is cheap, because of a large pool of unemployed, and can be replaced easily. Our banks are unable to lend because of rising bad loans and falling credit, wrote A Anand. Pakistan and Botswana are doing better. Given such problems, "HSBC's projection fo India's economic size in 2030 is more realistic than that of Niti Aayog's and still excessively optimistic". "Big egos and small minds" are running the country.