New Student User - Use Code HELLO

Register Now

India to become 3rd Largest Economy in 2025 to overtake Japan

Published on July 13, 2019
Current context: London-based global information provider, IHS Markit Ltd estimated that India will become the 3rd biggest economy in 2025 by overtaking Japan
India to become 3rd Largest Economy in 2025 to overtake Japan
  • IHS Markit Ltd in a report said that the transform from $3 trillion economies (2019) to $5 trillion economies (2025) is the key reason for the shift
  • The information provider estimates that India will surpass the UK in 2019 to become the world’s 5th largest economy
  • Indian consumer market size will also increase from $1.9 trillion (in 2019) to $3.6 trillion (in 2025)
  • IHS said that the investment has a key role in accelerating the new economy startups and jobs
  • An average GDP growth of 7% is forecasted by IHS Markit over the period of 2019-2023
  • India is currently the 6th largest economy in the world and ranks 3rd in terms of purchasing power parity


Q.1 What is India’s position in the world in terms of purchasing power Parity?
a. 6th
b. 2nd
c. 3rd
d. 5th
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu