With improved infrastructure and macro stability-influenced policies, India will become the world’s most sought-after consumer market and increase its proportion of global output, making it the third-largest economy in the world by 2028, according to Morgan Stanley.
India’s economy is expected to grow from USD 3.5 trillion in 2023 to USD 4.7 trillion in 2026, making it the fourth largest in the world behind the US, China, and Germany.
India’s economy will grow to USD 5.7 trillion in 2028, surpassing Germany.
India’s economy ranked 12th in the world in 1990, dropped to 13th in 2000, then climbed to 9th in 2020 and 5th in 2023, according to Morgan Stanley.
By 2029, India’s GDP share is expected to increase from 3.5% to 4.5% of the global GDP.
It forecasts three different growth scenarios for India: Bear, in which the economy rises from USD 3.65 trillion in 2025 to USD 6.6 trillion by 2035; Base, in which it grows to USD 8.8 trillion; and Bull, in which it soars to USD 10.3 trillion.
From USD 2,514 in 2025 to USD 4,247 in 2035 under the bear scenario, USD 5,683 under the base scenario, and USD 6,706 under the bull scenario, GDP per capita increased.
“India is likely gaining share in global output
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