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SBI Ecowrap report
July 30 , 2023
354 days
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- State Bank of India’s Economic Research Department’s report, SBI Ecowrap, said that India is likely to get the tag of the world's third largest economy by FY28.
- India should surpass both Japan and Germany in 2027 at the current rate of growth.
- The incremental increase by India between 2022-2027, is more than the current size of Australia’s economy at $1.8 trillion.
- India is likely to add $0.75 trillion in every 2 years.
- This implying that India is all set to touch $20 trillion by 2047.
- Maharashtra and Uttar Pradesh will break the $500 billion mark in 2027 (or FY28).
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