India to become world's 3rd-largest economy by 2028: Morgan Stanley
Big news: India is expected to leapfrog Germany and Japan to become the world's third-largest economy by 2028, says Morgan Stanley.
According to Morgan Stanley, India's GDP is projected to more than double to $10.6 trillion by 2035.
UBS Global Research forecasts that India could maintain a real GDP growth rate of 6.5% in the late 2020s, and become the world's third-largest consumer market as soon as 2026.
India's growth story
India's rise isn't just about numbers—it means more global influence, more jobs, and bigger opportunities for young people.
Over the next decade, India could drive one-fifth of all global economic growth.
Several states like Maharashtra, Tamil Nadu, and Karnataka are on their way to joining the world's top economies themselves.
Plus, nine major states already beat the national average income mark—proof that local success stories are fueling this big leap.
States leading the charge
India's unique setup—28 states and eight Union Territories each making their own business moves—is attracting fresh investments from around the world.
If these regions keep it up, India could double its average income in just seven years and cement its place as a global manufacturing hub.