Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Prøve GULL - Gratis
India to be third largest economy by 2028: Study
Hindustan Times Mumbai
|March 15, 2025
Country's share in the world GDP is projected to rise from 3.5% to 4.5% in 2029
NEW DELHI: India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said.
From a USD 3.5 trillion economy in 2023, the Indian economy is projected to expand to USD 4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany. In 2028, India will overtake Germany as its economy will expand to USD 5.7 trillion. According to Morgan Stanley, India was the 12th largest economy in the world in 1990, slipped to 13th position in 2000 before rising to 9th rank in 2020 and 5th in 2023.
India's share in the world GDP is projected to rise from 3.5 per cent to 4.5 per cent in 2029. It projects three scenarios for India's growth - Bear - where the economy expands to USD 6.6 trillion by 2035 from USD 3.65 trillion in 2025, Base - where it grows to USD 8.8 trillion and Bull - where the size balloons to USD 10.3 trillion.
It saw GDP per capita rising from USD 2,514 in 2025 to USD 4,247 in the Bear scenario in 2035, USD 5,683 under the Base scenario and USD 6,706 under the Bull scenario.
Denne historien er fra March 15, 2025-utgaven av Hindustan Times Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Hindustan Times Mumbai
Hindustan Times Mumbai
IMF sees 6.5% GDP growth if Pak fixes graft, governance
The International Monetary Fund (IMF) predicts Pakistan could lift its GDP between 5% and 6.5% over five years if it tackles corruption and deep-rooted governance failures.
1 min
November 21, 2025
Hindustan Times Mumbai
Reddy for Patel as India look to bounce back?
KL Rahul, Yashasvi Jaiswal and Washington Sundar lined up first in the nets here on Thursday, indicating that India may not want to tinker with the No. 3 position. B Sai Sudharsan was knocking at the adjacent nets as was Dhruv Jurel, later joined by Rishabh Pant. Nitish Kumar Reddy painted his run-up mark and started gingerly with Jasprit Bumrah and Mohammed Siraj as ‘Axar Patel slowly slipped into the frame holding a water bottle. These were telling pictures.
3 mins
November 21, 2025
Hindustan Times Mumbai
Farhan Akhtar’s heartfelt war drama takes time to connect
As I watched 120 Bahadur, I just couldn't shake off the sense of familiarity. Our war dramas often march to the same beat, and this one also takes its time before stepping out of that mould. It finds its footing eventually, but only after wading through a swamp of predictability. So how does it fare overall?
2 mins
November 21, 2025
Hindustan Times Mumbai
‘Had to overhaul infra, spend $1.2bn to ensure COP is hosted in Amazon’
As India prepares to host the UN Climate Change Conference in 2028, Brazil’s experience in staging COP30 in the Amazon offers both encouragement and a sobering reality check: expect to spend upwards of $1.2 billion in federal funds alone and devote years to preparation.
2 mins
November 21, 2025
Hindustan Times Mumbai
ICICI Prudential Asset is said to near nod for initial public offering
ICICI Prudential Asset Management Co. is close to securing approval from India’s securities regulator to go public, as per people familiar with the matter, paving the way for one of India’s biggest initial public offerings (IPOs) this year to kick off.
1 min
November 21, 2025
Hindustan Times Mumbai
COP30: Consensus on key issues eludes negotiators
Uncertainty gripped COP30 on Thursday as negotiators struggled to reach consensus on key climate issues, raising the prospect that the summit could conclude without a traditional cover text for the first time in the gathering's history.
2 mins
November 21, 2025
Hindustan Times Mumbai
Automation hits technology jobs
BENGALURU: Automation is beginning to reshape India’s tech-hiring landscape, with global capability centres (GCCs) pulling back on routine recruitment—intensifying the slowdown already hitting large staffing firms dependent on information technology (IT) hiring.
1 mins
November 21, 2025
Hindustan Times Mumbai
Nvidia’s strong revenue forecast soothes fears of Al market bubble
Nvidia Corp. delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble, easing concerns that had spread across the tech sector.
1 mins
November 21, 2025
Hindustan Times Mumbai
Indian exports to China see strong growth after US tariffs
Indian exports to China reported strong and sustained double-digit annualized growth every month from April onwards that saw over 33% and 42% surge in September and October respectively, which came at a time when the US’ tariff on Indian goods fully came into effect, according to government data.
2 mins
November 21, 2025
Hindustan Times Mumbai
UK minister Seema Malhotra in India to advance FTA work
UK minister for the Indo-Pacific, Seema Malhotra, on Thursday arrived in India on a three-day visit aimed at taking forward the recently signed landmark free trade agreement (FTA) that will boost Indian exports of textiles, leather and engineering goods and cut levies on British whisky, automobiles and medical devices, catalysing trade, investment and job creation. “Our joint UK-India Vision 2035 has the landmark FTA at its core. During my visit I will see the impact of our revitalised partnership: creating thousands of jobs, driving innovation, and delivering investment in both our countries,” she said.
1 mins
November 21, 2025
Listen
Translate
Change font size