India projected to become top-three global economy ...News

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India projected to become top-three global economy
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The country is expected to outperform Japan and Germany by 2030, analysts say India is projected to become the world’s third-largest economy by the end of the decade behind the US and China, CNBC reported this week citing forecasts by two major institutions. The outlook from S&P Global is based on a forecast that nominal gross domestic product growth will average 6.3% through 2030, while Morgan Stanley expects India’s GDP to more than double from current levels by 2031. “India has the conditions in place for an economic boom fueled by offshoring, investment in manufacturing, the energy transition, and the country’

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