According to S&P Global,

India’s GDP is projected to grow at a rate of 6.2-6.3% in the fiscal year ending March 2024, making it the fastest-growing major economy this year. This growth is driven by strong domestic demand and a favorable economic outlook. India’s nominal GDP in dollar terms is expected to increase from $3.5 trillion in 2022

to $7.3 trillion by 2030, surpassing Japan and becoming the second-largest economy in the Asia-Pacific region.

India’s economic expansion is supported by a growing middle class, a robust industrial sector, and the ongoing digital transformation, which is expected to boost e-commerce. The country’s attractiveness for

multinational investments is evident through the substantial increase in foreign direct investment (FDI) over the past decade, with technology giants like Google and Facebook showing interest in India’s vast

consumer market. This trend is likely to continue, making India a key growth market for various

industries, from manufacturing to services.