India to become 5th largest economy in 2025, 3rd largest by 2030: CEBR

India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030. India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020.

UK overtook India again in this year's forecasts and will stay ahead till 2024 before India takes over again, as per Centre for Economics and Business Research (CEBR). UK appears to have overtaken India again during 2020 as a result of the weakness of the rupee. Growth will naturally slow as India becomes more economically developed. This growth will see India become the world's third largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030.

It is also forecasted that China will in 2028 overtake the US to become the world's biggest economy. Japan would remain the world's third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth.

Source: Business Standard