Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

India on track to become world's 3rd largest economy by 2027


January, 30 2024
watermark Economic news

The Ministry of Finance of India predicts that the volume of Indian GDP will reach $5 trillion by 2027, which will allow the country to take the third place in the world in this indicator. 


Currently, India's annual GDP is $3.7 trillion, and it ranks fifth in the global economy, behind the United States, China, Japan and Germany.


Goldman Sachs analysts also expect that by 2075, India could take second place after China, surpassing the United States.


The report of the Ministry of Finance of India notes that in the fiscal year 2024, the country's economy will grow by at least 7%, and similar growth is expected in the 2025 fiscal year. This growth is attributed to strong domestic demand, which includes consumer spending and investment. This demand is the result of reforms and other measures taken by the Government in recent decades.


In general, the main goal of the Government of India is to move into the category of developed economies by 2047.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.