India to Become 3rd Largest Economy by 2027: Jefferies

Published On: February 23, 2024 - India's consistent 10-12% USD CAGR over the past 10 to 20 years positions it as the 5th largest equity market. Jefferies, the global brokerage house, predicts that India's market capitalization will reach $10 trillion by 2030. Jefferies further highlighted that continuous reforms will help India to become the 3rd largest economy by 2027. Moreover, the brokerage emphasized that over the past decade, India's GDP has witnessed a 7% CAGR in USD terms, reaching $3.6 trillion.