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December 8, 2023 6:10 am


India’s Ascent to the Global Economic Stage: A Glimpse into the Future

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In a significant revelation, both the International Monetary Fund (IMF) and economists from the leading International and domestic have projected India’s remarkable rise to become the world’s third-largest economy by the year 2027-28. In an exclusive interview with India Today, IMF’s Chief Economist, Gita Gopinath, emphasized India’s imminent position as the third-largest economy globally. These predictions were further substantiated by James Sullivan, Managing Director, Asia Pacific Equity Research at JPMorgan, underlining India’s robust economic potential.

India’s GDP is anticipated to surpass notable economic powerhouses such as Japan and Germany, reaching an estimated US$5.2 trillion. This achievement would mark a significant milestone, crossing the coveted US$5 trillion benchmark by FY28. However, this economic leap demands a sustained Compound Annual Growth Rate (CAGR) of 8.4% until 2027, requiring focused efforts and strategic financial planning.

To fuel this economic surge, experts emphasize the critical role of investments in domestic stocks. Established financial institutions and professionally managed funds, as highlighted by James Sullivan, are set to play a pivotal role in this transformative journey. Additionally, the government’s investments are anticipated to be complemented by collaborative funds and institutions, creating a synergy aimed at economic resilience and growth.

India’s economic rise not only signifies a triumph for the nation but also underscores its global economic influence. As the world watches India’s rapid ascent, strategic financial initiatives and collaborative investments, as highlighted by these eminent economists, are poised to pave the way for a flourishing and economically empowered nation.

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