“India is set to become the third largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years,” S&P Global said in its Global Credit Outlook 2024 report titled, ‘New Risks, New Playbook.’ Earlier, S&P Global Market Intelligence had said that India‘s nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region.
Can energy-focused mutual funds power up your investment portfolio?
Read More
