India to be world's 3rd largest economy by 2027: Jefferies

Jefferies has said India will be the third-largest economy by 2027, overtaking Japan and Germany. "Over the last 10 years, India’s GDP has grown by 7% CAGR in USD terms to $3.6 trillion...Over the next 4 years, India's GDP will likely touch $5 trillion," Jefferies said. Indian equity market's market capitalisation will likely touch $10 trillion by 2030, Jefferies added.