India may be set to become third largest economy by 2030, overtaking Japan and Germany

India may be set to become third largest economy by 2030, overtaking Japan and Germany

  • S&P’s forecast is based on the projection that India’s annual nominal gross domestic product growth will average 6.3% through 2030.
  • Similarly, Morgan Stanley estimates that India’s GDP is likely to more than double from current levels by 2031.
  • S&P’s projection hinges on the continuation of India’s trade and financial liberalization, labor market reform, as well as investment in India’s infrastructure and human capital.

https://www.cnbc.com/2022/12/01/india-to-leapfrog-to-third-largest-economy-by-2030.html


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