By 2030, Indian economy will be at number three, leaving UK, Germany and Japan behind

Posted on 26th Dec 2020 04:35 pm by rohit kumar

By 2025, India will overtake Britain to become the fifth-largest economy in the world and will reach the third position by 2030. The Indian economy has slipped a notch to sixth place in 2020, affected by the Coronavirus epidemic. India moved up from Britain to fifth position in 2019.

 

The annual report of the UK's premier economic research institute, Sensor for Economic and Business Research (CEBR), said, "The impact of the Great Depression has been hampered on the way. As a result, India has lagged behind Britain this year after overtaking Britain in 2019. Britain will stay ahead till 2024 and after that India will overtake. '

 

It seems that due to the weakening of the rupee, Britain again rose above India in 2020. The report estimates that India's growth will be 9 percent in 2021 and 7 percent in 2022. The CEBR states that 'it is but natural that as India grows more economically, the country's growth rate will slow down and it will come down to 5.8 percent by 2035'.

 

According to this projected direction of economic growth, India will overtake Britain in 2025, Germany in 2027, and Japan in 2030 in terms of economy. The institute predicts that China will surpass the US in 2028 to become the world's largest economy. The institute has said that the pace of the Indian economy started slowing down before Covid 19. In 2019, the growth rate was 4.2 percent, a ten-year minimum growth.

Other news

G20 Dinner: What were PM Modi and Jinping talking to each other? picture of a handshake surfaced

G-20 Summit Bali: A picture has surfaced of Prime Minister Narendra Modi and Chinese President Xi

Rakesh Tikait gave advice, farmers should be silent till the counting of votes, counting of votes of BJP will start from 15 thousand, others from zero

In the monthly panchayat of BKU, BKU spokesperson Rakesh Tikait, while taunting the BJP, once aga

BPSC Paper Leak: So far 14 arrested in BPSC paper leak, Varun Gandhi said - sack the commission chairman

BPSC Paper Leak Case: A big update has come in the paper leak case of Bihar Public Service Commis

There will also be a serious discussion on environmental reform in the G20 conference, the benefits of an eco-friendly lifestyle will be explained.

Degradation of land quality, loss of biodiversity, increasing pollution in the sea, overuse of re

Covishield Row: National Committee said – cases of blood clotting are less than half percent; 60% of side effects are stress-related

The picture of corona vaccine and vaccination in India is different from Britain.

Delhi Capitals launched their new jersey before IPL 2023, and now Warner's army will be seen in this new and special style

IPL 2023 (IPL 2023) is going to start on March 31, for which all the franchises have started prep

Elon Musk apologizes to people on Twitter's slow speed, announces a new feature to crack down on fake accounts

Twitter's new owner Elon Musk has been in the news for some time due to his decisions. Elon Musk

Referring to Putin, Defense Minister Rajnath Singh said, 'India does not want to rule the world'; the reason given

Defense Minister Rajnath Singh clarified in a program on Monday that India has no intention of ru

China's border will be more secure: Frontier Highway will be built at the cost of 40 thousand crore rupees on the northeast border

The central government is going to build a frontier highway in the Northeast for Rs 40,000 crore

Ayesha suicide case: what was the video made for her husband, what is the truth?

"If he wants freedom from me then he should get freedom. My life is still here. I am happy that I