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By which year will India become the third largest economy in the world, according to a report by Morgan Stanley?
A)
2026
B)
2027
C)
2028
D)
2029

Correct Answer :   2027


India will surpass Japan and Germany to become the third-largest economy by 2027, according to a report by Morgan Stanley. The country is also on track to have the largest stock market by 2030 following its key investments in technology and energy.
 
According to the report, India is the fastest-growing economy in the world and its gross domestic product (GDP) could double from the current $3.5 trillion to over $7.5 trillion by 2031.
 
India’s share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth, reaching a market capitalization of $10 trillion in the coming decade.
 
Chetan Ahya, Morgan Stanley’s Chief Asia Economist, said India will be one of the only three economies in the world that can generate more than $400 billion in annual economic output growth from 2023 onwards. He added that the numbers will rise to more than $500 billion after 2028..

Source : India Today

Published On : November 10, 2022
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