Webinar: India for the Next Decade and Beyond
India@75, Next25: Will India allocation reflect share in Global GDP?
Over the next decade, India is slated to overtake Germany and Japan to become the third largest economy in nominal terms. It is already the third largest in PPP (Purchasing Power Parity) terms. Of course, on an annual per-capita income basis, India at ~USD 2,600 is well below most Asian countries and a few African economies.
As per IMF’s recent estimates for 2022, India’s share of Global GDP in nominal terms will be ~3.35%.
This share will rise to well above 5% over the next 10 years.
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