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India to Become 3rd Largest Economy in the World by 2030 with $5.5 Trillion GDP, Overtaking Japan & Germany
1st December 2022 | Hong Kong
India is forecasted by S&P Intelligence to become the 3rd largest economy in the world by 2030 with $5.5 trillion GDP, overtaking Japan & Germany. Currently, the top 5 largest economy are United States, China, Japan, Germany & India. India has the 2nd largest population in the world with around 1.39 billion population and only China has more with 1.41 billion population. The largest companies in India include Reliance Industries, Tata Consultancy, Infosys, Hindustan Unilever, Bharti Airtel, Adani Enterprises, HDFC Bank, ICIC Bank and State Bank of India.
“ India to Become 3rd Largest Economy in the World by 2030 with $5.5 Trillion GDP, Overtaking Japan & Germany “
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India, 3rd Largest Economy in the World by 2030 with $5.5 Trillion GDP
S&P Global Market Intelligence: India’s real GDP growth is projected to average 6.3% annually in FY 2021-30, enabling it to overtake Japan and Germany to become the world’s third-largest economy (in nominal US dollar terms). Real income per capita is projected to achieve significant average growth of 5.3%, with Indian households becoming the greatest spenders among G20 economies.
National Champions
S&P Global Market Intelligence: India’s ambition to increase its economic power is unlikely to be limited to encouraging foreign investor participation. We are seeing, in effect, a promotion of ‘national champions’ – a handful of India-based conglomerates that the government is seeking to position as competitors to companies from mainland China, Europe, Japan, South Korea, and the United States.
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