India to become third largest economy by 2027 if maintains current rate of growth, two years before previous forecast, says SBI research
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India is likely to get the 3rd largest economy tag in 2027 (2027-28) if it maintains the current rate of growth, and in the process, will surpass both Japan and Germany, said SBI Research in its ‘Ecowrap’ report. Earlier, SBI Research had expected India to become the third-largest economy in the world by 2029. India is currently ranked third, a movement of seven places upwards of what it was in 2014.
