Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
India
Economy

S&P Global and Morgan Stanley forecast: India could become the third-largest economy

07.03.2023
2 min read

India is booming economically

S&P Global and Morgan Stanley analyzed global markets. According to the report, India stands a good chance of becoming the third-largest global economy by 2030.
The study is based on calculations from S&P, which predicts that by that period India’s annual GDP growth will reach the 6.3% mark. Morgan Stanley’s analysis suggests that by 2031, the country will achieve growth that is 2 times higher than the current indicators. According to experts, India has all conditions for active economic development, which will also be supported by investment activities and offshoring. The energy transition and digital transformation, which have already achieved significant success in the country, play an important role in the progress.India economyThe Indian economy showed growth of 6.3% in Q4 2022, in the third quarter the figure was 13.5%. These results were achieved primarily due to a steady increase in demand in the services sector. India reached a record growth rate of more than 20% in Q2 2021.
According to analysts’ forecasts, the country may become one of the top three economies in the next decade, but it depends on whether the government can continue the planned course to develop the trade and financial spheres, increasing their independence. In addition, for active GDP growth, it is necessary to implement reforms for the labor market and attract investment in various sectors of the economy, including infrastructure development. A number of reforms are already being actively implemented, while others are waiting for their turn.
One of the goals of the Indian government is to take the country to a new level, where it will become an attractive market for foreign investment and the expansion of production of advanced global companies. To this end, the authorities are implementing a program to increase production and exports. Within its framework from 2020, the PLIS mechanism is in place, which provides various tools to stimulate investors, not only local but also foreign. This system provides tax incentives and simplifies the process of obtaining licenses for certain activities. According to experts, PLIS should make the Indian economy more flexible and convenient in terms of exports and integration into global supply chains. This program is already yielding results, large corporations are expanding production in India, and the authorities are supporting them by creating the necessary infrastructure and allocating space for the construction of factories.
It should be noted that India’s economy has been growing for several decades. The country is becoming increasingly attractive for investment, especially after it was able to recover quickly from the pandemic.

Tags: Economy
0
Previous Post Israeli businessman Morris Kahn: activities of a billionaire Next Post How the copper market will behave in 2023: analysts' forecasts

You Might Also Like

increase the volume of trade between the PRC and the United States
Economy
China considers increasing trade with the U.S.
27.05.2022
Georgia's economy
Economy
Georgia’s economy will grow by 6% this year: forecast
01.12.2022
economic boom
Economy
JPMorgan told when the U.S. is expecting an economic boom
26.02.2022
Nord Stream 2 pipeline construction
Economy
Germany supports construction of the Nord Stream-2 gas pipeline
03.03.2021
Singapore law
Economy
Singapore law introduces a license for cryptocurrency companies
18.05.2020
LNG terminals
Economy
Germany leases LNG terminals to supply the country with gas
15.03.2023

Recent Posts

  • 1Erik Penser
    Erik Penser: the ups and downs of the Swedish businessman
    30.03.2023
  • 2Royal Dutch Shell logo
    Royal Dutch Shell: the history of the British-Dutch company
    29.03.2023
  • 3discount window features
    Discount window: peculiarities of lending from the Federal Reserve System
    28.03.2023
  • 4LG Energy Solution
    LG Energy Solution invests in battery production expansion
    27.03.2023
  • 5troubled crypto exchanges-2
    SEC to closely monitor troubled crypto exchanges
    26.03.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Deposit rates in Russia are losing their relevance as an option to generate income

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Japanese Central Bank
Japan’s Central Bank widened the range of bond yields
31.03.2023
Erik Penser
Erik Penser: the ups and downs of the Swedish businessman
30.03.2023
Royal Dutch Shell logo
Royal Dutch Shell: the history of the British-Dutch company
29.03.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Deposit rates in Russia are losing their relevance as an option to generate income
  • Dmitry Babin: the ruble is strengthening – review by Сhaslau Koniukh
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics