As the global economy is approaching the $ 100 trillion mark. The Indian economy has set its course to overtake France and Britain in the next two years, predicts the Center For Economic And Business Research Report.
The upcoming trends that are soon to become true are-
– The global economy is set to reach the $ 100 trillion milestones in 2022
– China will be the largest economy globally by 2030
– America falling down to second place
A report from the Center for Economics and Business Research states that the world economy will surely cross the $ 100 trillion mark for the first time in the upcoming year.
In a series of recent developments, The Center for Economics and Business Research (CEBR) recently released these estimates and projections.
As a matter of fact, the CEBR initially had predicted that the world economy would reach the $ 100 trillion level by 2024. The CEBR also predicts that by 2030, China will definitely overtake the United States and become the world’s largest economy.
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The report further explained that China is two years behind these expectations and projections. As per the report, By 2021, the economies of 194 countries are estimated to reach an equivalent worth of $ 94 trillion mark.
It is quite noteworthy and interesting to note here that the latest CEBR estimates and predictions are perfectly in line with the estimates of the International Monetary Fund (IMF).
As per the report estimates, the Indian economy will overtake the French economy in 2022. Finally becoming the world’s sixth-largest economy.
By 2023, the Indian economy will rise above Britain. The Indian economy in this regard is poised to become the world’s third-largest economy by 2030 at least. From such promising estimates, it is very clear that the Indian economy continues to be the fastest-growing economy in the entire world.
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