December 26, 2020 5:47 PM

printer

CERB, a UK based think-tank says, Indian economy will again overtake UK to become 5th largest economy in 2025

<span style="color: #222222;">A UK based think-tank, the Centre for Economics and Business Research, today, said that Indian economy will again overtake the UK to become the fifth largest economy in 2025 and race to the third spot by 2030. India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot this year.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">In an annual report published today, the Centre for Economics and Business Research said, the UK appears to have overtaken India again during 2020 as a result of the weakness of the rupee.</span><br />'' <span style="color: #222222;"> </span><br />'' <span style="color: #222222;">The Research organisation forecasts that the Indian economy will expand by 9 per cent in 2021, and another 7 per cent in 2022. The report says, Growth will naturally slow as India becomes more economically developed, with the annual GDP growth expected to sink to 5.8 per cent in 2035. However it said, this growth trajectory will see India become the world's third largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030.</span><br />''  

Most Read
View All arrow-right

No posts found.