2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2028
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2025
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2023
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2026
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Detailed explanation-1: -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-2: -The Centre for Economics and Business Research (CEBR), a British consultancy, has said India will become third largest economy by 2035 from the current fifth spot.
Detailed explanation-3: -Currently, the largest slices of the pie are held by the United States, China, Japan, Germany, and India, which together account for more than half of global GDP. Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany.
Detailed explanation-4: -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.