S&P: India poised to be third largest economy, rising population a concern

In its report titled ‘Look forward Emerging Markets: A decisive decade’, S&P said emerging markets will play a crucial role in shaping the global economy over the next decade, averaging 4.06 percent GDP growth through 2035, compared to 1.59 percent for advanced economies.

RBI Deputy Governor predicts India's economy to become the world's largest by 2050, driven by 10% growth rate. Challenges include increasing female labor participation and enhancing exports, with a focus on high-value tourism and financial services.

S&P Global Ratings forecasts India as the third-largest economy by 2030, emphasizing the nation's critical transition to a manufacturing hub. To achieve this, S&P stresses the need for a robust logistics framework, highlighting the importance of upskilling the workforce and boosting female labor force participation for harnessing India's labor market potential.

India is a lucrative destination for investment and growth, boosted by various reforms and is aptly placed to handle all upcoming challenges.

Our energy consumption is surging three times faster than the global average, and 25 per cent of the global energy demand growth in the next 20 years will come from India, Puri said.

The finance ministry believes that India will experience sustained brisk growth in the coming years due to structural reforms and approaches the 'Amrit Kaal' with confidence in overcoming challenges. The country has achieved inclusive development, lower unemployment, and moderate inflation under the Modi regime. The review highlights India's economic resilience and strength, achieving over 7% growth for three consecutive years despite global economic struggles.

Addressing the Indo-Pacific Regional Dialogue, Sitharaman said India's economic growth is estimated to be just under 7 per cent during the year, the highest among major economies, despite global headwinds.

V Anantha Nageswaran said that India is unlikely to witness higher growth like it had seen between 2003 and 2008 when the economy grew 8.5-9%, supported by benign global conditions.

New Delhi, Dec 5 (PTI) S&P Global Ratings on Tuesday said India will be the world’s third-largest economy by 2030, but a major test for the country would be to unlock the ‘immense opportunity’ and become the next big global manufacturing hub. The US-based rating agency expects India to be the fastest growing major economy […]

The US Federal Reserve's decision to raise interest rates can have an impact on the Indian market, particularly in terms of capital flows and investor sentiment.