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Centre for Economics and Business Research forecast on India’s economic supremacy

Published on December 27, 2022
Current Context: The London-based Centre for Economics and Business Research (CEBR) forecasted that India will become the world's third economic powerhouse by 2037 in its annual "World Economic League Table."
Centre for Economics and Business Research forecast on India’s economic supremacy
  • The CEBR releases the "World Economic League Table" every year. The macroeconomic trends at the international and governmental levels are tracked in this study. It provides economic projections for 191 nations through 2037.
  • India's GDP growth is anticipated to average 6.4 percent per year over the following five years. Following that, the GDP is anticipated to expand on average by 6.5 percent during the following 9 years.
  • The economic decline by covid 19 was followed by a swift recovery in economic activity that was supported by a rise in domestic demand. India's GDP increased by 8.7% in 2021–2022 as a result, making it the major economy with the fastest growth rate in the world.
  • Despite the slowing global demand and tightening monetary policy to combat inflation, the economy is expected to increase by 6.8 percent in 2022–2023. The most recent report has issued a warning about an impending worldwide recession.
  • The lending framework would establish strict criteria for green projects, enabling HDFC to increase the supply of high-quality green homes while allocating funding to this market.
  • By 2037, India is anticipated to rank third in terms of global GDP, and by 2035, it would have a 10 trillion USD economy.


Q.1 In which year is India Forecasted to become the third economic superpower by CEBR?
a. 2035
b. 2030
c. 2037
d. 2025

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