Indian Economy: Jefferies Predicts Third-Largest Economy Status by 2027

In a recent analysis, global brokerage firm Jefferies has painted a promising picture for India’s economic future.

According to their projections, India is poised to claim the title of the third-largest economy globally by the year 2027

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Over the last decade, India has seen remarkable economic growth with CAGR 7% reaching $3.6 trillion

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This ascent has propelled India from the 8th to the 5th position among the world’s largest economies.

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Jefferies anticipates India’s GDP to reach $5 trillion within the next four years

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Solidifying its position as the third-largest economy, surpassing both Japan and Germany

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Several factors contribute to this optimistic outlook

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India benefits from a demographic dividend, with a consistent labor supply serving as a driving force for economic growth

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Additionally, improvements in institutional strength and governance further bolster the nation’s economic trajectory

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