CLSA predicts India to become world's largest economy by 2052
A recent CLSA report forecasts that India could surpass the US to become the world's largest economy by 2052, with a nominal GDP of $45 trillion. The study projects India to be the world's third-largest economy by 2027, surpassing Japan, and expects a $29 trillion economy by the end of the government-christened Amrit Kaal in 2047. While anticipating a growth slowdown until September 2024, CLSA envisions a cyclical recovery in 2025, estimating a 6.4% growth in the current fiscal year, 6.5% in fiscal 2025, and 7.5% in fiscal 2026.
📅Published on:
29 November 2023
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