India is likely to surpass Japan to become the world’s third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report. “India’s nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid pace of economic expansion would result in the size of the Indian GDP exceeding Japanese GDP by 2030, making India the second largest economy in the Asia-Pacific region,” the report states.
India is likely to get the 3rd largest economy tag in 2027 (2027-28) if it maintains the current rate of growth, and in the process, will surpass both Japan and Germany, said SBI Research in its ‘Ecowrap’ report. Earlier, SBI Research had expected India to become the third-largest economy in the world by 2029. India is currently ranked third, a movement of seven places upwards of what it was in 2014.
By Prakash Narayan- With over 3000 in-person attendees, 200 plus speakers and 250 plus volunteers TiEcon 2023 was held at the Santa Clara Convention Center from May 3 through 5. There were grand keynotes, entrepreneur programs and relevant, immersive content in several tracks that kept the audience engaged for the entire duration. Quite a […]
Justice Markandey Katju says: Dr. S. Faizi, the eminent Indian ecologist, reminds me of the English poet Shelley, whom Matthew Arnold described as “an ineffectual angel, beating in the void his luminous wings in vain.” Dr Faizi has written an article titled ‘Towards an Asian Union’ published in Mainstream Weekly magazine.
Opposition parties in India have joined hands and are crying themselves hoarse in condemning Rahul Gandhi’s conviction and expulsion from Parliament as a huge assault on democracy. Many of the ‘liberal’ media persons and so called ‘intellectuals’ in India have also joined the chorus condemning the ‘murder’ of Indian democracy. One sees hardly any other news in the Indian media nowadays.
The US nominee for World Bank President Ajay Banga, upon his arrival in New Delhi on Thursday, tested Covid positive and is now under quarantine as per the local guidelines. Soon after he arrived, he tested positive and has not met any Indian counterparts yet.
Japanese Prime Minister Fumio Kishida arrived in India on a two-day visit on Monday (India time). Kishida will meet Prime Minister Narendra Modi and also deliver a speech on Japan’s Indo-Pacific strategy and its new defense posture. Fifteen years ago PM Shinzo Abe first spoke about Indo-Pacific cooperation during his visit to Delhi.