This follows an impressive GDP growth of 8.2 per cent in the fiscal year 2024, significantly exceeding the government’s earlier estimate of 7.3 per cent.

Emerging Perspectives’ report said that India must develop infrastructure and geopolitical strategies, particularly regarding its extensive coastline to maximise trade benefits.

India is on track to become the third-largest economy by fiscal 2030-31 with a projected annual growth rate of 6.7%, according to S&P Global. Key factors include continued reforms, infrastructure development,

India is on track to become the world's third-largest economy by 2030-31, with a projected annual growth rate of 6.7 per cent for the current fiscal year, according to a report released by S&P Global on Thursday.

India is set to become the third-largest economy by fiscal 2030-31, with a projected annual growth rate of 6.7 per cent according to S&P Global's report.

India's economic growth projections, reforms, and opportunities for growth in various sectors highlighted in S&P Global report.