New Delhi:India will turn out to be the world’s third largest economic system by 2030, S&P International Rankings mentioned on Tuesday because it forecast the nation’s GDP development reaching 7 per cent in 2026-27 fiscal yr.
In its International Credit score Outlook 2024, S&P noticed a 6.4 per cent GDP development within the fiscal yr by way of March 2024 (2023-24) as in comparison with 7.2 per cent within the earlier monetary yr.
The expansion fee will stay at 6.4 per cent within the subsequent fiscal (2024-25) earlier than climbing to six.9 per cent within the subsequent and seven per cent in 2026-27, the score company mentioned. “We see India reaching 7 per cent in 2026-27 fiscal.” “India is ready to turn out to be the third-largest economic system by 2030, and we anticipate will probably be the quickest rising main economic system within the subsequent three years,” S&P mentioned.
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