India Will Surpass Japan And Germany As The World’s Third Largest Economy

Posted on AllSides December 1st, 2022
From The Right
Soltan Frédéric via Getty Images

India is projected to surpass Japan and Germany as the world’s third-largest economy in the next decade, according to a forecast from ratings agency S&P Global.

The real gross domestic product of India will average 6.3% yearly growth between fiscal years 2021 and 2030, enabling the country to surpass Japan and Germany in nominal terms. Real GDP per capita will grow at a 5.3% rate as the population of India continues to expand.

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