Current context: The UK-based Centre for Economics and Business Research (CEBR) has released a report titled 'World Economic League Table 2020'.
a. 5th, 2nd
b. 6th, 3rd
c. 5th, 3rd
d. 6th, 2nd
- According to the report, India will overtake Germany to become the 4th largest economy in the world by the year 2026.
- Also, India is all set to overtake Japan to become the third-largest economy by 2034.
- The report said that India is also set to become a 5 trillion dollar economy by 2026 (2 years later than the government's target of 2024).
- In 2019, India has decisively overtaken both France and the UK to become the world's fifth-largest economy.
- Thus as per the report, India, Japan and Germany will battle for the third position over the next 15 years.
- CEBR in collaboration with Global Construction Perspectives publishes the World Economic League Table annually.
- The base data for 2019 is taken from the IMF World Economic Outlook.
Question:
Q.1 India is world's _______ largest economy by nominal GDP and the _______ largest by purchasing power parity (PPP).a. 5th, 2nd
b. 6th, 3rd
c. 5th, 3rd
d. 6th, 2nd
