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India Forecast to be World's 3rd Largest Economy by 2028 — UBS Report Highlights Strong Domestic Demand.

Economy | Dated: 18 Nov 2025

A report by “UBS” estimates that India will surpass Japan and Germany to become “the world’s third-largest economy by 2028.” The report identifies strong domestic demand, policy stability, and reforms as the key drivers. It projects India’s GDP growth to remain around “6.5%” annually, positioning it as the fastest-growing major economy in the Asia-Pacific region.

🎯 Key Highlights:

  • UBS projects India to become the 3rd largest economy by 2028.
  • Growth is driven by strong domestic demand and policy stability.
  • India is expected to grow at 6.5% annually.

💡 Other Important Facts:

  • India is also projected to be the 3rd largest consumer market by 2026.
  • Household consumption in India has nearly doubled in the past decade.
  • The report assumes normalized trade tariffs by end-2025.

📚 Test Your Knowledge:

According to UBS, India is projected to become the world's third-largest economy by which year?

Correct Answer: 2028

🚀 Quick Recap:

About UBS

  • Headquarters: Zurich and Basel, Switzerland.
  • Type: Multinational investment bank and financial services company.