S&P Global forecasts India's ascent as the world's third-largest economy by 2030, with a 7% GDP growth expected by 2026. Despite a brief dip to 6.4% in 2023-24, India remains the fastest-growing emerging market.
S&P emphasizes the shift from a service-centric to a manufacturing-focused economy, highlighting the need for a robust logistics framework.
The report underlines India's digital market potential and suggests skill development and increased female workforce participation for optimal demographic dividend utilization. This outlook aligns with India's recent rapid GDP growth of 7.6% in the September quarter.