A UK-based economics consultancy, Centre for Economics and Business Research (CEBR) has estimated in the 14th edition of the report that India will become the third-largest economy by 2037. the annual rate of GDP growth is predicted to average 6.4%. After that, the growth is predicted to average 6.5% in the subsequent nine years.
- As per the report, India will be the third USD 10 trillion economy by 2035.
- The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policymakers fight rising prices.
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