Tag Archives: Economy

India is set to remain the world's fastest-growing major economy, with a projected steady growth rate of 6.7% over the next three years, according to the World Bank's latest Global Economic Prospects report released on Tuesday.

China's economy, the world's second-largest, has defied expectations by growing at a robust pace of 5.3% in the first quarter of 2024. This growth comes amidst ongoing challenges such as a slowdown in demand and a property crisis in the country, showcasing the resilience of China's economic policies and the adaptability of its markets.

In a significant projection, investment banking firm Jefferies has forecasted that India is on track to become the world's third-largest economy by 2027, overtaking economic powerhouses like Japan and Germany. According to Jefferies, India's GDP is poised to reach $5 trillion within the next four years, and the country's economic trajectory suggests it will nearly double to nearly $10 trillion by 2030.

In a remarkable turn of events, the market capitalization of Tata Group companies has surged to $365 billion, outstripping the size of Pakistan's entire economy, which stands at approximately $341 billion, according to estimates by the International Monetary Fund (IMF). This significant milestone underscores the formidable growth trajectory of Tata conglomerate entities, propelled by stellar performances across various sectors.

India's economic growth continues to impress, with predictions by S&P Global Market Intelligence suggesting that it will become the world's third-largest economy by 2030, overtaking Japan. The country's robust growth is attributed to factors such as a burgeoning middle class, digital transformation, and increased foreign investment.