India may emerge as second-largest economy by 2038 with $34.2 trillion GDP – EY report

India is projected to become the world’s second-largest economy in PPP terms by 2038 with a GDP of $34.2 trillion, according to EY. Backed by young demographics, high savings, fiscal resilience, and structural reforms, the economy could touch $20.7 trillion by 2030. Experts note India’s strong domestic demand, policy reforms, and adoption of emerging technologies will drive growth despite global headwinds.