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Detailed explanation-1: -India may become the third largest economy by 2030, overtaking Japan and Germany. S&P’s forecast is based on the projection that India’s annual nominal gross domestic product growth will average 6.3% through 2030.

Detailed explanation-2: -India will become third largest economy by 2035 : CEBR.

Detailed explanation-3: -Economic Survey envisages Indian economy to grow at 6.5 % in 2023-24 fiscal; CEA says India to be 5 trillion dollar economy by 2025-26.

Detailed explanation-4: -China is estimated to become the world’s first richest and possibly the strongest economy. With 24.62 trillion US dollars in Gross Domestic Product and per capita income of 17, 759 US dollars after 30 years. The income per capita in China will be about a third of that in the United States.

Detailed explanation-5: -India has the potential to grow at 6.5-7 per cent and will become a USD 5 trillion economy by 2025-26 and USD 7 trillion by 2030 depending on exchange rate fluctuation, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Tuesday. Indian economy is estimated to touch USD 3.5 trillion mark by March 2023.