- S&P Global Market Intelligence has said the Indian economy is expected to surpass Japan and Germany by 2030 and become 3rd largest economy.
- India is presently ranked fifth in terms of size with $3.7 trillion economy in 2023-24.
- India’s nominal GDP measured in terms of USD is forecast to expand from $3.5 trillion in 2022 to $7.3 trillion by 2030.
- This would result in the size of the Indian GDP exceeding Japanese GDP by 2030.
- This would make India the second-largest economy in the Asia-Pacific region.
- As per S&P Global Market Intelligence, India will be one of the world’s fastest growing economies over the next decade.
- It also said that 1.1 billion Indians will have internet access by 2030.
This is more than double from the estimated 500