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By 2038 India May Become Second Largest Economy; EY’s Report Triggers The Internet: ‘Talk About The Present’

Author Admin Estimated read time 3 min read



In its latest Economy Watch report, Ernst & Young (EY) predicted that India will become the second largest economy in the world by 2028. This is in terms of purchasing power parity (PPP).

Per the EY report, the country’s gross domestic product (GDP) is expected to grow by $34.2 trillion.

In the same report, EY also quotes the IMF’s prediction that the Indian economy will touch $20.7 trillion by 2030.

The report states, “India combines youthful demographics, rising domestic demand, and a sustainable fiscal outlook, giving it the most favorable long-term growth trajectory.”

It adds, “India’s growth trajectory is reinforced not just by demographics but also by structural reforms and resilient fundamentals.”

Meanwhile, further in the report, EY projects that India will overtake Germany to become the third-largest economy by 2028.

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Reactions poured in, with the internet taking a dig at the EY report. One user jibed, “Ab bas karo ye achhe din… purane bure din wapas dedo.” Another reminded, “Plz spare us from these stats. Check GURGAON for filth.” A third user remarked, “Bass karo bakwas & faltu reports. People know ground reality.”

Yet another user wrote, “And the ground reality is 80 crore Indians depend on free ration.” A fifth user noted, “Inka koi bhi target 2025-26 ya fir 2029 tak kyun nahi hota hai.”

One user scathingly stated, “Log bhukhe mar rahe aur tumhe padi hai economy ki.”

“Who will talk about—present?” asked a handful of users online.

What are your thoughts pyaare desvasiyon?

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Cover: Pexels





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