In the latest episode of “Talking Trade,” Pawan Bhatnagar of Kasvu Consulting and Asian Insiders touts the strength of the Indian economy.
He says India has “proven to be remarkably resilient in the face of the headwinds” facing global markets, pointing to inflation, the war in Ukraine and other factors.
“India is on track to become the world’s third-largest economy by ‘27, surpassing Japan and Germany,” Bhatnagar said. “And just to tell you, we may have the third-largest stock market by 2030.”
The country is expected to more than double its current DGP of $3.5 trillion to $7.5 trillion by 2030, according to Bhatnagar. This projected growth is linked to three major trends, he said, pointing to global offshoring, digitalization and energy transitions.
He also highlights “expanding credit availability, creation of new businesses, improving the quality of life and increased consumer spending” and the country’s growing manufacturing sector as contributing factors.
