India to become 3rd largest economy by 2027; m-cap to touch $10 trillion by 2030: Jefferies
The brokerage said that over the next four years, Indias gross domestic product (GDP), the standard measure of the value added created through the production of goods and services, is likely to overtake that of Japan and Germany and touch US$5 trillion.
Jefferies, the global investment banking and capital markets firm, is bullish on the Indian economy and expects it to become the third-largest economy in the world by 2027 amid a series of tailwinds such as demographics (consistent labour supply), a strong institutional framework of regulators, and an improvement in governance.
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