India To Become Third-Largest Country In Market Capitalization: Report The report states that, India's GDP is likely to surpass $7.5 trillion by 2031, more than double the current levels, making it the third-largest economy

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

According to Morgan Stanley report, India is set to become the third-largest country in terms of market capitalization which is likely to grow by over 11 per cent annually to $10 trillion.

"Offshoring, investment in manufacturing and energy transition will lead to an economic boom in India, and these drivers will make it the world's third-largest economy and stock market before the end of the decade," the report stated.

"India's GDP is likely to surpass $7.5 trillion by 2031, more than double the current levels, making it the third-largest economy, adding about $500 billion per annum on an incremental basis over the decade," said Morgan Stanley.

The report also added that, "We expect India's global market share to more than double to 4.5 per cent by 2031, providing an incremental $1.2 trillion export opportunity."

As the e-commerce gained a prominent traction during the pandemic as lockdown restrictions curbed the physical shopping, Morgan Stanley expects the e-commerce penetration to nearly double to 12.3 per cent by 2031.

India has reportedly shown a massive growth is in property development. As per the report, "India should hit a major inflection point for the next residential property boom in 2030."

Pointing out the factors that may backfires the speedy growth of economy, the report stated that, "A prolonged global recession or sluggish growth, adverse geopolitical developments, domestic politics and steep rise in energy and commodity prices could pose risks to these projections."

According to earlier reports, Union minister for petroleum and natural gas Hardeep Singh Puri, on September, had also said that India is on the path to become a $10 trillion economy by 2030 and the third largest economy by 2047.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Growth Strategies

JLR To Ramp Up Production Of Made In India Range Rover & Range Rover Sport; To Focus On SV Variants: Rajan Amba

We are focusing on tailor made limited edition cars, specifically for the Indian market, catering to the high net worth individuals (HNIs), says Rajan Amba, MD, JLR India

Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

4 Advanced Marketing Tactics for Small Businesses That Actually Work

Small businesses can adopt advanced marketing strategies to stand out and achieve sustainable growth. Techniques like personalization, content clusters and virtual events help build stronger customer connections and deliver real results.

Business News

'It's Been Hell': Disgraced Theranos Founder Elizabeth Holmes Says Prison Life Involves Reading 'Harry Potter' and Working for 31 Cents an Hour

Holmes is serving her sentence at Federal Prison Camp Bryan, a minimum security prison for women in Texas.

News and Trends

Ranbir Kapoor Launches Lifestyle Brand ARKS in Mumbai

ARKS will offer premium footwear and wardrobe staples like tailored shirts, white T-shirts, and trousers, reflecting Ranbir Kapoor's sophisticated yet relaxed style influenced by cinema and fashion trends.