According to the recent announcement, India will become the second largest economy of Asia by the year 2030.

Category : Business and economics Published on: October 26 2023

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Recently S&P Global Market Intelligence released its report regarding the global economy.
According to this report, India will become the second-largest economy of Asia by the year 2030.
India's economy will reach 7.3 trillion dollars in the year 2030.
India will leave Japan behind with $7.3 trillion.
Apart from this, India will also become the fifth largest economy in the world by the year 2030.
The United States currently remains the world's largest economy with a GDP of $25.5 trillion.
China holds the second position with a GDP of about $18 trillion.
Japan is at third place with a GDP of $4.2 trillion and Germany is at fourth place with a GDP of $4 trillion.
India ranks fifth with an economy of $3.5 trillion.