Puneet Gupta, director, S&P Global Mobility, spoke on the sidelines of an event in Mumbai where S&P released its first edition of 'India Forward: Emerging Perspectives', emphasising India's projection as a leading global economy. The report highlights that India is on track to become the third-largest economy by 2030-31, driven by a robust projected annual growth rate of 6.7%. This follows an impressive GDP growth of 8.2% in the fiscal year 2024, significantly exceeding the government's earlier estimate of 7.3%.
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