New Delhi: India could become the third largest economy in the world by 2030, according to a report by the UK think tank Centre for Economics Business and Research (CEBR).
Moreover the report said that Indian economy, which is now starting to catch up with China “will eventually overtake in the second half of the century.”
“The world’s second populous nation (India) has made a start in 2015 in catching up with China, with faster economic growth than China for the first time in recent years. But there is still a long way to go and India is only likely to overtake China at some point in the second half of the 21st century,” said latest edition of CEBR Global’s World Economic League Table (WELT) for 2016.
However, India will become the largest economy in the Commonwealth in 2019 when its economy overtakes the British economy.