India will become the largest economy by 2028.!!?

Money will reach the hands of the people. Reserve bank will continue to cut interest rates. india will become the third largest power by 2028, say American experts. Despite the challenges, American economist Morgan Stanley says that india will become the third-largest economy in the world by 2028. New policies and improved infrastructure are increasing India's share in global production. india will soon overtake Germany. With this, only the united states and china will be ahead of india on the list. The indian economy is expected to grow to 4.7 trillion dollars by 2026. In 2023, the indian economy was worth $3.5 trillion. According to a Morgan Stanley report, india was the world's 12th largest economy in 1990. In 2000, the country fell to 13th place. But it rose to 9th place in 2020 and 5th place in 2023.

Morgan Stanley also estimates that India's share of global GDP will increase from the current 3.5 percent to 4.5 percent by 2029. The firm expects India's growth to occur in three phases. The first phase is empty. At this stage, the economy will grow from $3.5 trillion in 2025 to $6.6 trillion in 2035. In the subsequent base phase, the economy will reach $8.8 trillion. In the bull phase, it will grow to $10.3 trillion. India’s GDP per capita is currently $2,514. It is expected to be $4,247 in the bear phase by 2035. It will be $5,683 in the base phase and $6,706 in the bull phase.
According to a Morgan Stanley report, India’s share in global output will be the largest in the coming decades. This will be driven by population growth, a functioning democracy, policies that promote macro stability, improved infrastructure, a growing entrepreneurial class, and improved social outcomes. The report further states that india will become the most demanding consumer market in the world. The report said that India's GDP will grow at 6.3 percent in the current fiscal year ending march 31, 2025, and it will be 6.5 percent in the next fiscal. Declining food prices and core inflation in a favorable range will help reduce consumer inflation in the short term. Morgan Stanley has forecast inflation to be 4.3 percent in the fiscal year 2026-27, compared to 4.9 percent in fiscal year 2025. The firm expects another rate cut from the Reserve bank in april as a result of favorable inflation. A rate cut of 25 basis points is expected.
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Sowmiya Sriram

17/03/2025 08:54 PM