Global Ratings agency S&P 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 in the next three years, with GDP growth reaching 7% by 2026, from 6.4% projected expansion in the current fiscal. “India is set to become the third-largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years. A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity,” the ratings agency said.
Related Articles
World record in academics established by Indian American Joshua Chari
The 16-year-old is scheduled to receive gubernatorial honors Thursday for completing much of his undergraduate studies and pocketing eight — yes, eight — associate degrees along the way. How’d he do it? Chari is one […]
Guide to buying the right scent
Seasonal perfumes Scents are known to evoke seasonal fragrances and moods. Winter perfumes should have rich scents along with sweet notes like amber, vanilla and cinnamon. There are various perfumes, which combine sweet fragrances like […]
Be the first to comment