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India to become fifth largest economy in 2018
December 28 , 2017
2554 days
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- According to the report titled 2018 World Economic League Table, India is set to overtake the United Kingdom and France to become the world’s fifth largest economy in 2018.
- The report was recently released by The Centre for Economics and Business Research consultancy based in Britain.
- India currently ranked seventh will overtake UK and France to become the world’s fifth largest economy in 2018 in US dollar terms and further move to third spot by 2032.
- China is likely to overtake the United States as the world's No.1 economy in 2032.
- In world economic market, Cheap energy and technology prices will boost the global economy in 2018.
- Russia will fall to 17th place among world’s largest economies by 2032, from 11th place in 2017, mainly because of low commodity (oil) prices in international market and its over dependency on energy sector.
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