India to emerge third-largest economy of world by 2029
5th Sep 2022
Myonlineprep
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India to emerge third-largest economy of world by 2029
- As per the report of State Bank of India (Economic Research Department), the India is set to become the third largest economy in the world by 2029.
- India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth.
- The country has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom.
- The report is authored by Soumya Kanti Ghosh, group chief economic adviser, SBI
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