CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is India’s current rank in the Global economy?
A
3rd
B
4th
C
5th
D
6th
Explanation: 

Detailed explanation-1: -India has recently overtaken the UK to become the fifth largest economy in the world. What is the nominal GDP of India in 2022? India’s nominal GDP in 2022 is $3.8 trillion. According to the World Economy Ranking 2022, which are the countries with the 10 largest economies in the world?

Detailed explanation-2: -This growth trajectory will see India rise from fifth place on the World Economic League Table in 2022 to third in the global rankings by 2037, the consultancy said in the report released on Monday.

Detailed explanation-3: -Having overtaken the French economy, India sits at the sixth position of the topmost economies of the world with a real GDP of $2.66 trillion.

Detailed explanation-4: -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-5: -Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany. Interestingly, India replaced the UK this year as a top five economy.

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