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12th World Economic League Table 2021 Report

Published on December 29, 2020
Current Context: The Centre for Economics and Business Research Ltd (CEBR) has released the 12th World Economic League Table 2021.
12th World Economic League Table 2021 Report
  • 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
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