As per the Centre for Economics and Business Research, India will become the third largest economy by ____________.

Solution

As per the Centre for Economics and Business Research, the world economy is set to surpass $100 trillion for the first time in 2022, two years earlier than previously forecast. Global gross domestic product will be lifted by the continued recovery from the pandemic, although if inflation persists it may be hard for policy makers to avoid tipping their economies back into recession. It also said that India will regain sixth position from France next year and become third largest economy in 2031. China will overtake the U.S. in 2030, two years later than forecast a year ago.