India set to be world's third largest economy by 2027, finance ministry says
Publishing timestamp: 2024-01-30 03:47:11
Summary
The Finance Ministry of India expects the country to grow at or above 7% in fiscal year 2024 and another year of 7% growth in 2025. The government has set a higher goal of becoming a "developed country" by 2047. The finance ministry also projects that India could become the world's third-largest economy by 2027 with a GDP of $5 trillion. The article mentions the positive start of India stocks this year and the growing optimism around the country's growth prospects. It also mentions the possibility of the Reserve Bank of India cutting interest rates, which could lift stock markets and spur higher spending in the economy.
Sentiment: POSITIVE
Tickers: .NSEI,
Keywords: debt and bond markets, forex markets, stock markets, elections, east asia, china, currency markets, business news, hong kong, india, south asia, cnx nifty index, asia news, asia economy, world economy,