India To Emerge Third Largest Economy, Surpassing Japan And Germany By 2027: Jefferies Report 

Delhi/Hyderabad/Internet, Feb 22 (Maxim News): Investment Banking company ‘Jefferies Group‘ said that India’s GDP is likely to reach 5 trillion dollars in the next four years. By 2027, India will surpass Japan and Germany and become the third-largest economy

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Jefferies said in its report that India will become the third largest economy in the world by 2027 due to continuous increase in economic growth rate, favorable geopolitical conditions, increase in market capitalization, steps being taken in terms of reforms, and strong corporate culture. 

India has been developing at an annual growth rate of 7 percent for the past 10 years, and India has moved from ninth to fifth position with an economy of $3.6 trillion, Jefferies wrote in its note.  Despite the impact of several major reforms such as bankruptcy law, implementation of GST, Real Estate Regulatory Act (RERA), and demonetization, India’s GDP revealed that it has grown.  The forecast predicts that India will grow by 6 percent in the next five years. while the growth rates of other major economies may decline.  Looking at the rising growth rate against developed countries, it said that they believe that India will reach the third position in the GDP ranks before the end of this decade.

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Moreover, Jefferies has stated in its report that India’s equity market has been continuously growing at the rate of 10-12 percent in dollar terms for the last 10 to 20 years.  These equity markets will deliver 8-10 percent returns in the next five to seven years.  By 2030, India’s stock market cap is expected to touch $10 trillion.  On this occasion, Mahesh Nandurkar of Jefferies said that India is developing very fast due to some measures taken towards reforms.  He said that due to the increase in domestic investments,  the volatility in the Indian market has decreased. He said there are opportunities to increase investments from foreign investors. 

“Though India is the fifth largest country in terms of market cap, its ranking in the Bloomberg World Index (Bloomberg World Index) has increased by just 2.0 percent to eight positions.  According to this calculation, there is a tremendous opportunity for foreign investors to increase their investment in India, which is the fastest-growing country in the world, said Jefferies in its note.

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Prime Minister Narendra Modi also stated that if his government comes to power for the third time, India will become the third largest economic power in the world.  Many rating agencies and investment bankers in the world have also done this assessment.  (Maxim News) 

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