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India to emerge as world's third largest economy in 2031: BofA Securities

Covid-19 to push back this feat by three years. BofA had earlier projected this in 2017 and had expected the Indian economy to achieve this status by 2028

We have conservatively taken a lower 9 per cent growth and pushed back by three years to 2031/FY32
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We have conservatively taken a lower 9 per cent growth and pushed back by three years to 2031/FY32

New Delhi
India is likely to emerge as the world’s third largest economy in 2031 (fiscal 2031-32), suggests a recent report by BofA Securities, and should touch Japan's nominal GDP (in USD)

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First Published: Mar 22 2021 | 2:05 PM IST

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