India Set To Become 3rd Largest Economy By 2029
🎧💡 #18 Macro & Business Insights
Hi all, and welcome back to The Macro & Business Insights!
What you’ll find in this episode:
Why India’s economy future is poised to growth well?
India’s GDP could more than double by 2031
Why can we expect that India will become the third largest stock market by 2030
India is already the world’s third largest economy and by 2035 its share of global GDP could be on par with the United States (in PPP terms).
According to the Australia-India Council India will also be the world’s most populous country by 2035, with 1.6 billion people across 29 diverse states. Around 640 million Indians will live in cities.
By 2025, India will have a fifth of the world’s working age population.
By 2030, there will be over 850 million internet users in India.
By 2035, India’s five largest cities will have economies of comparable size to middle income countries today.
Is impressive how this country is set to growth over the years under all aspects, from energy to technology, from disposable income to exports goods.
Morgan Stanley says that India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. Its share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth, reaching a market capitalization of $10 trillion in the coming decade.
Investing in India is a long-term theme, and one that comes with its share of risks, including prolonged global recession, adverse geopolitical developments, domestic policy changes, lack of skilled labor, energy shortages and commodity volatility.
The studies and research are clear, India is going to be an important player in the world and if you read even my whole article on it you can find a deep focus, hoping that you can appreciate it.
India will have the third largest stock market by 2030
Morgan Stanley think India is on track to become the world’s third largest economy by 2027, surpassing Japan and Germany, and have the third largest stock market by 2030, thanks to global trends and key investments the country has made in technology and energy.
Indian consumers are also likely to have more disposable income.
India’s income distribution could flip over the next decade, and consequently overall consumption in the country could more than double from $2 trillion in 2022 to $4.9 trillion by the end of the decade - with the greatest gains going to non-grocery retail, including apparel and accessories, leisure and recreation, and household goods and services, among other categories.
If you had like this piece and you want to read all the article I invite you to go on my website www.scriptamanent.blog, which you can find many more useful insights.
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Disclosure
This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This material has been prepared for informational purposes only. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.