By 2027, India set to take the third spot on the global GDP chart, according to Piyush Goyal in an exclusive interview with Times Network.
India's economy is poised for significant growth, with the GDP projected to become the third largest in the world by 2027. This optimistic outlook was shared by Piyush Goyal on September 4, 2025. The minister emphasised that India's economy has strong economic fundamentals.
One of the key drivers of this growth is the ongoing implementation of GST 2.0 reforms. The Goods and Services Tax Network (GSTN) is the government agency responsible for coordinating these transformational changes. GST 2.0 is identified as a significant step towards modernising India's economy.
Trade and exports are focus areas in India's economic strategy. Trade talks are a priority, and exports are being actively promoted to boost the country's economic growth. Maruti Suzuki's RC Bhargava recently discussed the impact of GST reforms on the auto sector, highlighting the potential benefits for the industry.
In addition to these efforts, the government is introducing new initiatives to support various sectors. For instance, a new insurance scheme, Bima Vistaar Yojana, is being introduced to cater to the insurance needs of rural India.
Meanwhile, the stock market also indicates a positive trend. Today, the Nifty signals a positive opening, with Dow futures, Asian Markets, and Nifty predictions pointing towards a promising day for investors.
However, challenges persist. Anil Ambani is facing fresh trouble as a bank declares RCom loan accounts as fraud. Google has also been fined USD 381 million in France, though the specific reason for the fine remains undisclosed.
Despite these hurdles, the outlook for India's economy remains promising. A list of the best 10 stocks to buy after the GST rate cut includes companies like Hero MotoCorp, Trent, Maruti, HDFC Life, and more. With continued focus on trade, exports, and GST reforms, India is well on its way to achieving its economic goals.
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