India is poised to add $1 trillion to its GDP every 1.5 years over the next six years, aiming for a $10 trillion economy by 2032. The manufacturing se

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives. Along with its projections, the credit rating agency suggested some measures to push the growth of the economy.

Emerging Perspectives’ report said that India must develop infrastructure and geopolitical strategies, particularly regarding its extensive coastline to maximise trade benefits.

The report highlighted that reforms are key to sustaining this momentum, with an anticipated 8.2 per cent growth in FY2024.

India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7 per cent, a report by S&P Global projected on Thursday.

Chennai: India is set to become the third-largest economy and transition to the upper-middle-income category by fiscal 2030–31 if forecast annual growth of 6.7 per cent is realized, finds