India is on track to achieve upper-middle income country status by 2030, according to a recent report by SBI Research. This transition is predicated on India's per capita Gross National Income (GNI) reaching an estimated $4,000 by the end of the decade, aligning with the World Bank's classification for this income group. Currently, India is classified as a lower-middle income country. The SBI report highlights India's accelerating economic growth, noting its journey from a low-income to a lower-middle-income economy in 2007. The country's per capita income has steadily risen, crossing $1,000 in 2009, doubling to $2,000 by 2019, and is projected to hit $3,000 by 2026. This upward trajectory is expected to place India alongside nations like China and Indonesia in the upper-middle income bracket. Beyond income classification, India's economy is also projected to make significant strides in global rankings. The SBI Research report anticipates that India will surpass Germany to become the world's third-largest economy by 2028, trailing only the United States and China. The report further projects India reaching a $5 trillion economy within approximately two years and potentially $10 trillion by 2035. These projections underscore India's robust growth performance and its strengthening position in the global economic landscape, driven by sustained reform efforts.