India's economy could double to more than $8 trillion over the next decade, global investment firm KKR said in a new report. The country has already crossed the $4 trillion mark.

In its October 2026 report titled Thoughts From the Road: Europe and Asia, KKR said India is among the clearest examples of how patient structural reform pays off over a decade rather than a quarter.

The report credited reforms since 2014, including GST, the Insolvency and Bankruptcy Code, labour market formalisation, digitalisation and sustained infrastructure spending. These changes could support up to 11 per cent nominal GDP growth, it said.

KKR pushed back against fears that artificial intelligence will hurt Indian IT firms. It said AI could become a new source of growth as companies use it in service delivery. Global Capability Centres are emerging as an important growth engine alongside traditional IT services.

The firm cautioned of a near-term pause with crude oil near $100 a barrel. But it said government policy has shielded consumers better than in past oil shocks. Services now account for more than half of India's real GDP growth.