BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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China
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Russia
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Germany
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Detailed explanation-1: -India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth.
Detailed explanation-2: -According to RBI deputy governor Mr. Michael Patra, India will match Germany’s GDP (just over US$ 4 trillion as of 2021) and become the fourth-largest economy by 2025-26, and by 2027, India would surpass Japan (almost US$ 5 trillion GDP) and become the third-largest economy.
Detailed explanation-3: -India may become the third largest economy by 2030, overtaking Japan and Germany. S&P’s forecast is based on the projection that India’s annual nominal gross domestic product growth will average 6.3% through 2030.
Detailed explanation-4: -India will more than double its GDP (gross domestic product) from the current $3.4 trillion to $8.5 trillion over the next 10 years, Morgan Stanley’s chief Asia economist Chetan Ahya wrote in Financial Times.
Detailed explanation-5: -India has become 5th largest economy in 2022: PM Modi in Mann Ki Baat.