New Delhi: India will become the world’s fifth largest economy by 2025 and the third largest economy by 2030. This is stated in a report by the Center of Economics and Business Research (CEBR). India had become the fifth-largest economy in the world, overtaking Britain in 2019, but slipped again to sixth place in 2020.
The report said that Corona has slipped to the sixth position due to epidemic and rupee depreciation. Britain overtook him this year. India will overtake Britain again in 2025. According to the CEBR, the Indian economy will grow nine per cent in 2021 and 7 per cent in 2022. India will naturally slow down after becoming more economically prosperous and GDP growth will be 5.8 per cent in 2035. During this time, India will become the world’s third largest economy by 2030. It will overtake Britain in 2025, Germany in 2027 and Japan in 2030.
According to the report, China will surpass the US in 2028 and become the world’s largest economy. China was earlier believed to have reached this point by 2033, but the Kovid-19 epidemic has changed the situation. China rapidly got out of this crisis while the US economy is still struggling. This is the reason that China will overtake the US 5 years earlier than anticipated.
