A report by global auditing major Ernst & Young projects a massive surge for the Indian economy, predicting it may become the world’s second largest by 2038 with a GDP of $34.2 trillion. This forecast comes amid a tariff war, with the US escalating duties on Indian goods. The EY Economy Watch report from August 25 highlights India’s economic resilience, stating, "India is emerging as one of the most dynamic among the world’s five largest economies, strong economic fundamentals, including high savings and investment rates, a sustainable fiscal position." The discussion also covers the internal divide in the US over these tariffs and criticism of White House trade adviser Peter Navarro’s anti-India bias. While there is optimism, the conversation also points to the need for domestic reforms, such as increasing investment and savings rates, to sustain the projected growth trajectory. #indianeconomy #eyreport #gdp #itwebvideos #tradewar #ustariffs #modinomics #economicforecast #india #globaleconomy #investment #indiatoday #economicresilience #makeinindia #fdi #geopolitics
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