India is poised to become third-largest global economy by 2030
India is projected to reach a substantial GDP of $7.3 trillion by 2030
India had already surpassed the GDP of the UK and France by 2022
India is poised to overtake Japan and secure its position as the third-largest global economy by 2030, according to the latest findings from S&P Global Market Intelligence.
Currently positioned as the world’s fifth-largest economy, India is projected to reach a substantial GDP of $7.3 trillion by 2030.
The report highlights India’s consistent economic progress, having sustained robust growth over the years, including a notable 7.8 percent surge in the April-June quarter of 2023.
Anticipated to be the fastest-growing major economy in the fiscal year concluding in March 2024, India’s gross domestic product (GDP) is expected to expand by 6.2 percent to 6.3 percent.
In terms of nominal GDP, denominated in USD, India is expected to witness a significant leap from $3.5 trillion in 2022 to $7.3 trillion by 2030, propelling it to the position of the second-largest economy in the Asia-Pacific region, surpassing Japan.
Notably, India had already surpassed the GDP of the UK and France by 2022, and it is predicted to outstrip Germany, currently holding the fourth-largest GDP of $4 trillion, by 2030.
India is poised to become third-largest global economy by 2030
India is projected to reach a substantial GDP of $7.3 trillion by 2030
India had already surpassed the GDP of the UK and France by 2022
India is poised to overtake Japan and secure its position as the third-largest global economy by 2030, according to the latest findings from S&P Global Market Intelligence.
Currently positioned as the world’s fifth-largest economy, India is projected to reach a substantial GDP of $7.3 trillion by 2030.
The report highlights India’s consistent economic progress, having sustained robust growth over the years, including a notable 7.8 percent surge in the April-June quarter of 2023.
Anticipated to be the fastest-growing major economy in the fiscal year concluding in March 2024, India’s gross domestic product (GDP) is expected to expand by 6.2 percent to 6.3 percent.
In terms of nominal GDP, denominated in USD, India is expected to witness a significant leap from $3.5 trillion in 2022 to $7.3 trillion by 2030, propelling it to the position of the second-largest economy in the Asia-Pacific region, surpassing Japan.
Notably, India had already surpassed the GDP of the UK and France by 2022, and it is predicted to outstrip Germany, currently holding the fourth-largest GDP of $4 trillion, by 2030.
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