India set to become world's third largest economy by 2030: Morgan Stanley report

A report by global investment bank Morgan Stanley has said that India is expected to boom the economy through investments in the manufacturing sector, the energy sector and state-of-the-art digital infrastructure, all of which are factors in India before the decade ending in 2030. Will make it the world's third largest economy and stock market.

According to the report, "As a result of this, India is gaining strength in the world economy, and in our opinion these special changes happen only in decades, and they are good opportunities for all investors and companies..."

Over the next decade, the number of households in India is expected to increase five-fold to over 25 million, with incomes exceeding US$35,000 per year. By the year 2031, the country's gross domestic product, ie GDP, will more than double to US $ 7.5 trillion (US $ 7.5 trillion or about Rs 620 lakh crore) due to increase in family income, a spurt in consumption, and Then it is likely to increase to 10 trillion US dollars (US 10 trillion US dollars or about 827 lakh crore rupees) in the coming decade with an increase of 11 percent per annum in the market capitalization.

According to the report, by the year 2031, India's per capita income will also increase from US $ 2,278 to US $ 5,242, due to which a jump in expenses is natural.

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