Which among the following country is set to leapfrog Britain and France in 2018 to become the worlds fifth-largest economy in dollar terms, according to the report by Centre for Economics and Business Research (CEBR) consultancys 2018 World Economic League Table?

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which among the following country is set to leapfrog Britain and France in 2018 to become the world’s fifth-largest economy in dollar terms, according to the report by Centre for Economics and Business Research (CEBR) consultancy’s 2018 World Economic League Table?

A	Brazil
B	Japan
C	Germany
D	India

Explanation:

Detailed explanation-1: -The United States has the largest economy in the world at $20.4 trillion, according to data from the International Monetary Fund (IMF), which shows the US economy increased from around $19.4 trillion last year. China follows, with $14 trillion, which is an increase of more than $2 trillion in comparison to 2017.

Detailed explanation-2: -India progressed rapidly and became the world’s fifth-largest economy, and achieved the unbelievable record of 220 crore vaccines and crossed the USD 400 billion mark in exports, ” PM Modi said in the 96th edition of Mann Ki Baat, a monthly radio programme of the Prime Minister.

Detailed explanation-3: -The Economic Survey 2018-19 was announced on July 4, 2019, by Ms Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Government of India. The Survey forecasts a growth rate of 7 per cent for FY20, as compared to the growth rate of 6.8 per cent in FY19.

Detailed explanation-4: -Services sector (excluding construction) has a share of 54.3 per cent in India’s GVA and contributed more than half of GVA growth in 2018-19.

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