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UBS Report: India to become 3rd largest economy by 2028.

Economy | Dated: 13 Nov 2025

A new report by Swiss brokerage firm UBS projects that India will become the world's third-largest economy by 2028, surpassing both Japan and Germany. The report forecasts India's GDP growth at “6.5%" in FY28, citing strong domestic demand, policy stability, and manufacturing reforms. It also predicts India will become the third-largest consumer market by 2026.

🎯 Key Highlights:

  • The report was published by the Swiss brokerage firm UBS.
  • It projects India will become the world's third-largest economy by the year 2028.
  • The growth is attributed to strong domestic demand, policy stability, and manufacturing reforms.

💡 Other Important Facts:

  • The report states India's household consumption nearly doubled in the past decade.
  • India is expected to be the fastest-growing economy in the Asia-Pacific region in 2027.
  • UBS also anticipates one more 25-basis-point rate cut from the RBI before a pause.

📚 Test Your Knowledge:

The UBS report projects that India will become the world's third-largest economy by which year?

Correct Answer: 2028

🚀 Quick Recap:

About UBS

  • Type: Multinational investment bank and financial services company, HQ: Zurich and Basel, Switzerland.
  • India's Projected GDP Growth: 6.4% in FY27 and 6.5% in FY28.