India To Be 3rd Largest Economy By 2027, Surpass Japan, Germany: Jefferies

Investment banking company Jefferies said that India will become nearly a $10 trillion market by 2030.

India's GDP is likely to touch $5 trillion over the next four years and will overtake Japan and Germany to become the third largest economy by 2027, Jefferies said on Wednesday.

In a note, the investment banking company said that India will become nearly a $10 trillion market by 2030 and that it will be "impossible" for large global investors to ignore the country.

"From the ninth largest economy a decade back, India has now become the 5th largest economy with a nominal GDP of $3.4 trillion. On a PPP basis, the GDP is already much higher at $13.2 trillion, making it the third largest economy in the world," the Jefferies said.