- As per the report, India stood at the rank of 6th largest economy among 195 countries in 2020 from 5th rank position in 2019.
- The ranking is topped by the United States.
- The second and third rank positions are marked by China and Japan respectively.
- As per the report, India will become the 5th largest economy by 2025 and 3rd largest economy by 2030.
- As per CEBR, the economy of India will expand 9% in 2021 and 7% in 2022.
- Also, the pandemic has caused the loss of USD 6 Trillion to GDP for 2020.
- In the case of India, the GDP per capita for 2020 was USD 6284 which resulted in lower middle income country.
- Static Part:
- HQ of CEBR: London, UK
Question:
Q.1 Which country topped in 12th World Economic League Table 2021 and has become the largest economy?
a. China
b. Japan
c. USA
d. United Kingdom
a. China
b. Japan
c. USA
d. United Kingdom
