India is on track to become the third-largest economy by fiscal 2030-31, driven by a robust projected annual growth rate of 6.7, the credit rating agency S&P Global said in its report named India Forward Emerging Perspectives. Along with its projections, the credit rating agency suggested some measures to push the growth of the economy.

India is on track to become the world's third-largest economy by 2030-31, with a projected annual growth rate of 6.7 per cent for the current fiscal year, according to a report released by S&P Global on Thursday.

Indian economy to be 3rd largest by 2030-31, growing 6.7% annually, according to S&P Global's forecast report.

Ireland's Ambassador to India, Kevin Kelly, emphasizes New Delhi's growing economic stature and advocates for stronger political and trade links between the two nations. Kelly proposed establishing a joint economic commission to explore partnership opportunities,

The report highlighted that reforms are key to sustaining this momentum, with an anticipated 8.2 per cent growth in FY2024.

Emerging Perspectives, noted that India is expected to register an impressive growth rate of 8.2 per cent in FY24

India is set to become the third-largest economy by fiscal 2030-31, with a projected annual growth rate of 6.7 per cent according to S&P Global's report.

This follows an impressive GDP growth of 8.2 per cent in the fiscal year 2024, significantly exceeding the government’s earlier estimate of 7.3 per cent.

India's economic growth projections, reforms, and opportunities for growth in various sectors highlighted in S&P Global report.

Emerging Perspectives’ report said that India must develop infrastructure and geopolitical strategies, particularly regarding its extensive coastline to maximise trade benefits.