India is set to become the third-largest economy by 2030-31 with projected annual growth of 6.7%, according to S&P Global
Mumbai, September, 2024.
S&P Global today published its first edition of “India Forward: Emerging Perspectives”, emphasizing India’s projection as a leading global economy. The report highlights that India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7%. This follows an impressive GDP growth of 8.2% in the fiscal year 2024, significantly exceeding the government’s earlier estimate of 7.3%.
Abhishek Tomar, Head- S&P Global India Leadership Council and Chief Data Officer for S&P Global Market Intelligence said, “India’s medium-term prospects are healthy and filled with opportunities in multiple sectors including trade, agriculture, and AI, likely structural reforms and growing energy demands. India i...
