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By 2027, India Will Be 3rd Largest Economy In World: RBI Deputy Governor

India will be a USD 5 trillion economy and the third largest in the world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor Michael D Patra has said.

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India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

The IMF s Regional Economic Outlook for Asia and the Pacific indicates that this region will contribute about two-thirds of global growth in 2023 itself and India will account for a sixth of world output growth in 2023 and 2024, he said. In terms of market exchange rates, he said India is the fifth-largest economy in the world and the third-largest economy on the basis of purchasing power parity.

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India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
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National bankBank deputy governor michaeld patraLevel seminarEconomic outlook

India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra

India to become USD 5 trillion economy, third-largest by 2027: RBI DG Patra
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National bankBank deputy governor michaeld patraLevel seminarEconomic outlook

Not targeting any level, but RBI will not allow jerky movements of Rupee: Dy Guv Patra

The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close.

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