Brief by Shorts91 Newsdesk / 01:43pm on 28 Aug 2025,Thursday Business
India’s economy could reach USD 20.7 trillion (PPP) by 2030 and potentially become the world’s second-largest by 2038 with USD 34.2 trillion, according to EY’s August 2025 Economy Watch report. Despite global headwinds, including U.S. tariffs, India’s growth remains resilient due to strong savings, favorable demographics, and rising domestic demand. EY estimates the tariff impact on GDP at 0.9%, but growth drag can be limited to 0.1 percentage point with strategic countermeasures. Compared to aging economies like China, the U.S., Germany, and Japan, India’s youthful population and sustainable fiscal outlook position it for long-term expansion. The report affirms India’s trajectory toward its Viksit Bharat 2047 aspirations. (PC: MSN & The Financial Express)
