By bno - Mumbai Office India is on course to become the third-largest global economy by fiscal 2030–31, according to a report by S&P Global, published on September 19. The forecast is based on an expected annual growth rate of 6.

This follows an impressive GDP growth of 8.2 per cent in the fiscal year 2024, significantly exceeding the government’s earlier estimate of 7.3 per cent.

India is on track to become the third-largest economy by fiscal 2030-31 with a projected annual growth rate of 6.7%, according to S&P Global. Key factors include continued reforms, infrastructure development,

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.

India is set to become the third-largest economy by 2030-31, driven by a 6.7% growth rate. India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.

India's economic growth projections, reforms, and opportunities for growth in various sectors highlighted in S&P Global report.

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