New Delhi: Jefferies, a global brokerage firm, envisions India’s trajectory toward becoming the world’s third-largest economy by 2027.
Anchored by robust GDP growth, favorable geopolitical factors, and ongoing reform initiatives, the country has witnessed significant economic expansion over the past decade, propelling it from the 8th-largest to the 5th-largest global economy.
According to Jefferies’ analysis, India’s GDP has experienced a noteworthy compound annual growth rate (CAGR) of 7 per cent in USD terms, reaching $3.6 trillion. This impressive growth sets the stage for India’s further ascent, with Jefferies projecting the country’s GDP to surpass $5 trillion in the next four years.
Such growth would position India ahead of economic powerhouses like Japan and Germany, claiming the coveted third spot globally.
Jefferies underscores India’s unique position, fueled by a demographic dividend with a consistent labor supply, institutional strength, and advancements in governance.
