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    Dec 2009


    Default India: World's 3rd largest economy by 2030?

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    Global banking giant Standard Chartered on Wednesday said India could emerge as the world's third largest economy by 2030, benefiting from strong domestic demand and favourable demographics.

    However, the banking entity noted that country's reform agenda need to be sustained for achieving high growth.

    "India has the fundamentals to emerge a winner in the super-cycle, potentially becoming the world's third-largest economy by 2030.

    India is likely to grow faster, on average, than China over the next two decades," Standard Chartered Global Research said in 'India in the Super Cycle'.

    In 2010, the world's major economies were USA ($14.6 trillion), China ($5.7 trillion) and Japan ($5.4 trillion). India did not figure among the top ten, as per International Monetary Fund data.
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