India rises to 4th largest economy in a decade
pre-market1 source ↓written by the desknot a recommendation
- in just ten
- 10th to 4th largest economy
- by 2025
- $4 trillion GDP mark
- key driver
- 8-10% of global growth
- on purchasing power
- 18%
- markets have delivered
- 13.7% returns
India's ascent from the 10th to 4th largest economy in just ten years showcases its robust growth. Nilesh Shah of Kotak Mahindra AMC noted that strong domestic consumption and a vibrant services sector have propelled the nation past the $4 trillion GDP mark by 2025. This growth positions India as a key driver of 8-10% of global growth. 📈
• Per capita GDP: $2,940, ranking 136th globally
• Contribution to global economy: 18% on purchasing power parity
• Equity markets have delivered 13.7% returns
This growth trajectory may enhance investor sentiment in Indian equities.
Not investment advice. For informational purposes only.