The Indian economy is expected to overtake Japan to become the third largest economy in the world by 2050. A study by the Lancet Medical Journal found that the United States ranks first and China second before India.
The Indian economy is expected to overtake Japan to become the third largest economy in the world by 2050. A study by the Lancent Medical Journal found that the United States ranks first and China second, ahead of India. To this extent the Lancent Journal provided information about this. In this journal, a study was conducted on the working population in the countries of the world. In 2017, India was the seventh largest economy in the world. Based on this, the study predicts that India will become the fourth largest economy by 2030. In 2030, China and Japan will be ahead of India. Currently, India is the fifth largest economy in the world. France and Britain are also lagging behind India.
The government estimates until 2047
However, the central government’s assessment did the same. Rajiv Kumar, chairman of the Nitish Aayog, said in May this year that India would become the third largest economy in the world by 2047. However, the corona virus has had an impact on the epidemic and the economy. Current estimates look less promising.
In December last year, the Japan Center for Economic Research (Center for Economic Research, Japan) said in a study that by 2029, India would overtake Japan to become the world’s third largest economy. This prediction on Japan predates the spread of the corona virus. Due to the current epidemic, it is estimated that it will be too late for India to become a $ 5 trillion economy by 2025.
The Lancet Paper warns of a sharp decline in the working population in China and India. During this time, the working population in Nigeria is expected to grow. However, India tops the list in terms of working population. By 2100 India will have the largest working population in the world. There are India, Nigeria, China, America.