Category : Business and economicsPublished on: December 07 2023
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S. & P. is a global rating agency.
According to its recent report, India will become the third largest economy in the world by the year 2030.
S. & P. has estimated the country's GDP growth to reach 7 percent in the financial year 2026-27.
The agency has projected 6.4 percent GDP growth by the current financial year 2023-24.
India could see high-growth in startups over the next decade, especially in the financial and consumer technology sectors, thanks to a rapidly growing domestic digital market.
Currently India is the fifth largest economy in the world.
India is at fifth position after America, China, Germany and Japan.