Current Affairs

'World Economic League Table 2020’ Report

Current context: The UK-based Centre for Economics and Business Research (CEBR) has released a report titled 'World Economic League Table 2020'.
'World Economic League Table 2020’ Report 
  • 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
'World Economic League Table 2020’ Report 'World Economic League Table 2020’ Report Reviewed by Neha Verma on December 29, 2019 Rating: 5

No comments:

Join 8,000+ readers and get free notes in your email