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INDIA TO BECOME THIRD-LARGEST ECONOMY BY 2030 WITH 6.7% GROWTH: S&P GLOBAL
The Business Guardian
|September 20, 2024
India is set to become the world's third-largest economy by fiscal 2030-31, with a projected annual growth rate of 6.7%, according to a report by S&P Global
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India is on track to become the third-largest Leconomy by fiscal 203031, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives.
Along with its projections, the credit rating agency suggested some measures to push the growth of the economy.
In order to maintain the growth momentum, the report added that the continued reforms are crucial to improving business transactions and logistics, boosting private sector investment, and reducing reliance on public capital.
The credit rating agency anticipated that the Indian equity market will stay dynamic and competitive due to strong growth prospects and better regulation.
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