India – 2nd-largest economy by 2038 in PPP terms
▪ India’s economy could reach $20.7 trillion in terms of purchasing power par-ity (PPP) by 2030 and may emerge as the second-largest economy by 2038 with $34.2 trillion GDP,according to report by an EY Economy Watch
▪ The report also said that with appropriate countermeasures, India can limit the adverse impact of higher US tariffs on se-lected Indian imports to about 10 basis points of real GDP growth.
▪ India is emerging as one of the most dynamic among the world’s five largest economies, with
strong economic funda-mentals including high savings and investment rates, favourable
demographics, and a sustainable fiscal position.
