Bigger India
India’s Wealth to Surpass the UK and Germany by 2027
Its projected growth rate of 7% per annum over the next 10 years trounces the U.S.’s projected growth rate of 2% per annum.
With a projected economic growth rate of 7% over the next decade, India will surpass the United Kingdom and Germany to become the world’s fourth largest wealth market by 2027, a report released today says. But the country’s tremendous income inequality, overpopulation, and deeply ingrained caste system continue to inhibit its growth potential.