UPSC Articles
World Economy
Part of: Prelims and GS-III – Economy
Context India looks set to overtake France next year and then Britain in 2023 to regain its place as the world’s sixth biggest economy.
Key takeaways
- In a report released, the British consultancy CEBR said the world’s economic output will exceed 100 trillion dollars for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy.
- CEBR predicted China will become the world’s top economy in dollar terms in 2030.
- The report showed Germany was on track to overtake Japan in terms of economic output in 2033.
- Russia could become a Top 10 economy by 2036 and Indonesia looks on track for ninth place in 2034.
