India is the fastest growing economy worldwide with an average gross domestic product growth of 5.5 percent in the last ten years, stated a report by Global investment bank Morgan Stanley that News 18 portal reported.

India could double its Gross Domestic Product from the current 3.5 trillion dollars to more than 7.5 trillion dollars by 2031.

India’s share in world exports could also double in that period. The Stock Market would score an annual growth of 11 percent, reaching a market capitalization of 10 trillion dollars over the next decade.

Morgan Stanley’s chief Asia economist Chetan Ahya said India will be one of only three economies globally that could generate more than 400 billion dollars of annual economic output growth as of 2023.

It would rise to more than 500 billion dollars after 2028.

mh/iff/mem/abm