Morocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: Modi-led India to surpass Germany and Japan as 3rd largest economy by 2029
Share
Aa
Morocco Report
Aa
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Morocco Report > Business > Modi-led India to surpass Germany and Japan as 3rd largest economy by 2029
Business

Modi-led India to surpass Germany and Japan as 3rd largest economy by 2029

September 4, 2022
Share
SHARE

Indian economy will reach third place in the world by 2029. India will surpass Germany by 2027 and Japan most likely by 2029, according to a State Bank of India report. According to the report, the country has undergone a large structural shift since 2014, and is now the 5th largest economy overtaking the United Kingdom. As a result of India’s path since 2014 under Indian Prime Minister, Narendra Modi’s leadership, the country is likely to rank third in 2029, up 7 places from 2014 when it was ranked 10th. SBI‘s group chief economic adviser Soumya Kanti Ghosh authored the report.

Modi-let India to surpass Germany and Japan as 3rd largest economy by 2029IMF‘s own forecasts show that India will overtake the UK this year in dollar terms, Indian Finance Minister Nirmala Sitharaman said. As a result, India, the Asian powerhouse, has been positioned just behind the United States, China, Japan, and Germany. According to Mrs Sitharaman, India ranked 11th among the largest economies a decade ago, while the UK ranked 5th. Former Chief Economic Advisor Arvind Virmani believes that India is on the move up the power scale, and that we will become the world’s third largest economy by 2028 – 2030.

You Might Also Like

EU’s €1.1 billion bicycle exports highlight shift to sustainable living

Strengthening UAE-India relations: Top diplomats discuss economic partnership

Global stocks surge as US debt ceiling agreement brings relief

Global clean energy investment set to reach $1.7 trillion, overtaking oil production

European Investment Bank supports circular economy with €3.4 billion lending

Editor September 4, 2022
Share this Article
Facebook TwitterEmail Print
Previous Article Severe weather warnings issued for eastern Australia
Next Article Flood toll rises in Pakistan, 25 children are among the 57 more deaths

Latest News

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
News
Sony faces antitrust probe in Romania over PlayStation's market dominance
Sony faces antitrust probe in Romania over PlayStation’s market dominance
News
Twitter's legal woes mount as former PR firm files lawsuit for unpaid invoices
Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices
News
WHO report urges governments: prioritize food security over tobacco industry
WHO report urges governments: prioritize food security over tobacco industry
News
India soaring to new heights: the impact of nine years of Modi's leadership
India soaring to new heights: the impact of nine years of Modi’s leadership
News
PM Modi begins action-packed three-nation tour, eyeing over 40 engagements
PM Modi begins action-packed three-nation tour, eyeing over 40 engagements
News

You Might Also Like

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
News

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar

June 2, 2023
Sony faces antitrust probe in Romania over PlayStation's market dominance
News

Sony faces antitrust probe in Romania over PlayStation’s market dominance

May 31, 2023
Twitter's legal woes mount as former PR firm files lawsuit for unpaid invoices
News

Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

May 30, 2023
India’s mastery in space: ISRO's successful launch of Cartosat-3 satellite
Technology

India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

May 29, 2023

© 2022 Morocco Report | All Rights Reserved

  • Home
  • Contact Us
Welcome Back!

Sign in to your account

Lost your password?