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Home > All news > Economy > India set to become 3rd largest Global Economy by 2030 : S&P Global

India set to become 3rd largest Global Economy by 2030 : S&P Global

October 18, 2024
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India set to become 3rd largest Global Economy by 2030 : S&P Global

NEW DELHI : India is on track to become the world’s third-largest economy by 2030, but its rising population poses significant challenges in ensuring basic services and meeting growing investment demands, according to a report by S&P Global Ratings released on Thursday.

The report highlights India’s ambitious economic goals, with the country aiming to expand its economy to $30 trillion by 2047, up from its current size of $3.6 trillion. India is currently the fifth-largest economy globally.

“India is set to be the fastest . . .

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