……………………………………………………………………….
While US President Donald Trump has raised concerns about the country by imposing a 50 percent tariff on Indian exports, there is good news related to the economy for India. That is, India will overtake the US by 2038 and become the world’s second largest economy. This is based on PPP (Purchasing Power Parity), which shows the purchasing power of our country. This news comes from a recent report by EY, which is based on data from the International Monetary Fund (IMF).
The report also reveals that India will overtake the US. The report has informed that by 2030, India’s economy may be worth $ 20.7 trillion and by 2038, it will reach $ 34.2 trillion. This means that India’s economy is growing at a very fast pace.
India’s rapid growth is due to its GDP growing at a rate of 6.5% per year, while the US’s GDP is at 2.1%.
India’s government debt will be this much by 2030
The report also says that India’s government debt was 81.3 percent of GDP in 2024, which will be reduced to 75.8 percent by 2030. This is a good thing because debt is increasing in other big countries. On the other hand, China’s economy can be 42.2 trillion dollars by 2030, but people there are getting old and the debt is also high. In America too, the debt is more than 120 percent of GDP. But India is different. We have hardworking and young people, who are taking the country forward.
The report also says that if India continues to grow at the rate of 6.5 percent every year and America remains at 2.1 percent, then by 2038 we will leave America behind. Also, by 2028 India can overtake Germany and become the third largest economy, if we talk about market exchange rates. This progress of India is due to our good economic policies, young people and new technologies.
India’s government debt will be this much by 2030
The report also says that India’s government debt was 81.3 percent of GDP in 2024, which will be reduced to 75.8 percent by 2030. This is a good thing because debt is increasing in other big countries. On the other hand, China’s economy can be 42.2 trillion dollars by 2030, but people there are getting old and the debt is also high. In America too, the debt is more than 120 percent of GDP. But India is different. We have hardworking and young people, who are taking the country forward.
The report also says that if India continues to grow at the rate of 6.5 percent every year and America remains at 2.1 percent, then by 2038 we will leave America behind. Also, by 2028 India can overtake Germany and become the third largest economy, if we talk about market exchange rates. This progress of India is due to our good economic policies, young people and new technologies.
