India is growing rapidly with solid developments to become the world’s third-largest economy by 2027, overtaking Germany and Japan. One of the fastest developing countries, India will have the third largest stock market by 2030, crediting the significant investments India made in the emerging fields of energy and technology and global trends.
Having recorded a consistent 5.5% average gross domestic growth in the last decade, making India one of the fastest-growing economies in the world. The country of more than one billion people, three prominent megatrends of the energy transition, digitalization, and global offshoring are setting the scene for unprecedented growth.
Ridham Desai, Chief Equity Strategist, at Morgan Stanley said, “We believe India is set to surpass Japan and Germany to become the world’s third-largest economy by 2027 and will have the third-largest stock market by the end of this decade. Consequently, India is gaining power in the world order, and in our opinion, these idiosyncratic changes imply a once-in-a-generation shift and an opportunity for investors and companies.”
India’s GDP can expand to more than double from $3.5 trillion today to leap to $7.5 trillion by 2031.
