India to overtake Britain in next 5 years to become third largest economy by 2030: CEBR

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New Delhi, Saturday 26 December 2020

India will overtake Britain as the world's fifth largest economy by 2025 and third by 2030. The Indian economy, which has been hit by the Corona virus epidemic, has slipped to 6th place in 2020, overtaking Britain in 2019 to become fifth.

According to the annual report of the Center for Economic and Business Research (CEBR), Britain's leading economic research institute, India has faltered a bit due to the impact of the epidemic, the result of which is lagging behind Britain this year after overtaking Britain in 2019 Till then, India will be ahead.

It looks like Britain will overtake India again in 2020 as the rupee weakens. The report predicts that India's growth will be 9 per cent in 2021 and 7 per cent in 2022, with the CEBR saying it is only natural that India will grow economically. The country's growth rate will slow to 5.8 per cent by 2035.

According to the forecast, India will overtake Britain in 2025, Germany in 2027 and Japan in 2030 in terms of economic growth. The Institute predicts that China will overtake the United States to become the world's largest economy by 2028, the organization said. In 2019, the growth rate was 4.2 per cent, the lowest growth in 10 years.

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