India is projected to become the world’s

Solution

An EY report based on IMF projections states that **India is projected to be the world’s second-largest economy in PPP terms by 2038. Additional data points given include a PPP size of $20.7 trillion by 2030, a median age of 28.8 years in 2025, and an improving government debt-to-GDP ratio projected to fall from 81.3% (2024) to 75.8% (2030). The context also notes China leading in total PPP size with a projected $42.2 trillion economy by 2030, and India expected to become the third-largest economy at market exchange rates by 2028, surpassing Germany.