India’s economy, which is projected to be the third largest by 2027, must expand quickly to reach $35 trillion by 2047. By 2027, India’s economy will be the third biggest. And since the UK, Germany, and Japan are all currently experiencing recessions, we ought to be able to accomplish it far more quickly.
India’s economy is currently the fifth largest in the world, and by March 31, 2024, it is projected to grow to a nominal GDP of approximately $3.6 trillion. India has made significant progress since its balance sheet issues. According to the G20 Sherpa, India ought to be exporting renewable energy to the rest of the globe by 2047.
India wants to be the largest producer of electrolyzers and the lowest producer and exporter of green hydrogen and its liquid form, ammonia. The nation will prosper in the upcoming years as a result of greater exports, improved agricultural output, and sustainable urbanization.