Abstract
‘India will be world’s third largest economy in four years’ forecasted by IMF chief economist Ms Gita Gopinath and mentioned in her interview to India Today. India’s economy is among the fastest growing in the world. With a $3.7 trillion GDP, India’s economy is currently ranked as the fifth largest. India’s GDP is predicted to surpass that of Germany and Japan by 2030, according to a number of estimations. According to S&P, a rating organisation, India’s nominal GDP is expected to increase from $3.4 trillion in 2022 to $7.3 trillion by 2030.
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