| | AUGUST 20238If India keeps up its current rate of growth, it will likely surpass both Japan and Germany to become the third-largest economy in 2027 (2027-28), according to a report.By 2029, India was predicted by SBI Research to have the third-largest economy in the world. India rose seven positions from its 2014 position to third place in the current rankings.It's interesting to note that India's incremental growth between 2022 and 2027 is anticipated to surpass Australia's economy, which is currently valued at $1.8 trillion, according to the report."At this rate, India is likely to add $0.75 trillion in every two years, implying that India is all set to touch $20 trillion by 2047, at least on current numbers," the report said, adding that India's global share in GDP will cross 4 per cent by 2027.The share of India's GDP is now at 3.5 per cent, as against 2.6 per cent in 2014 and is likely to reach four percent in 2027.State-wise, SBI Research said estimates indicate that at least two Indian states, Maharashtra and Uttar Pradesh, will break the $500 billion mark in 2027 in terms of economy, when India achieves the 3rd place in global economy."The GDP size of major Indian states in 2027 will be more than the size of some of the Asian and European countries like Vietnam, Norway and so on," it added. Pocket FM announced on July 27 that Anurag Sharma, previously vice president of finance, has been promoted to chief financial officer (CFO).As CFO, Sharma will be in charge of Pocket FM's financial operations, as well as shaping and driving the company's financial strategy."With this new role, I will continue to build a strong financial foundation, drive growth, and add enormous value to our stakeholders," Sharma said in a statement. "I am optimistic about Pocket FM's global potential and will continue to contribute to strengthening our mission to revolutionise audio entertainment."Sharma will also collaborate with the executive team to identify growth opportunities, optimise resource allocation, drive strategic partnerships, boost profitability, and support Pocket FM's global expansions, according to the company."Anurag has played a pivotal role in propelling our growth journey and driving our successful global expansion," said Pocket FM cofounder and CEO Rohan Nayak. "He has demonstrated exceptional financial leadership, spearheaded our successful fundraising efforts, and ensured the company's profitable and sustainable growth." We are confident that his strategic vision will keep Pocket FM on its upward trajectory."Sharma has held senior leadership positions in multinational corporations, startups and Big4s. Prior to joining Pocket FM, he was heading finance at Ninjacart. He is both a chartered accountant and company secretary, apart from being a commerce graduate. INDIA TO SURPASS THE PREVIOUS PREDICTION & BECOME THE 3RD LARGEST ECONOMY BY 2027: SBI RESEARCHPOCKET FM DESIGNATES ANURAG SHARMA AS CFOIN FOCUSIN FOCUS
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