S&P Global Market Intelligence predicts India's ascent to the world's third-largest economy, surpassing Japan by 2030. With a projected GDP of $7.3 trillion, India's rapid economic growth remains a global standout. The nation's GDP is anticipated to grow by 6.2-6.3% in the fiscal year ending March 2024, showcasing remarkable resilience. This robust expansion is bolstered by vigorous domestic demand.
Factors like surging foreign direct investments, a burgeoning middle class, and a swiftly growing digital landscape contribute to India's promising economic outlook. As India's economic might strengthens, it emerges as a pivotal long-term growth market across various sectors, from manufacturing to technology and services.