What is India's position in the World Economic League Table 2021?

India is ranked at 6th spot in 2020 and as per the report, it will overtake the UK in the year 2025, Germany in 2027 and Japan in 2030.

Can China overtake the USA to be the world's biggest economy?

Yes, as predicted by the CEBR, China may overtake the US in 2028 to be the world's biggest economy.

Which country has the highest GDP in 2020?

United Stated has the highest GDP in 2020.

Centre for Economics and Business Research (CEBR) Report 2021: India to become 5th largest economy in 2025 and 3rd largest by 2030

By Arfa Javaid

Dec 30, 2020, 18:52 IST

India to become fifth-largest economy in 2025

Centre for Economics and Business Research (CEBR) has published its 12th edition on 'World Economic League Table 2021', forecasting 193 countries to the year 2035.

World Economic League Table 2021: Key Highlights

1- The report mentions that the ongoing COVID-19 pandemic has had a $6 trillion GDP cost in 2020.

2- Chinese economy may overtake the US economy in the year 2028 to be the world's biggest economy.

World Economic League Table 2021: India's Ranking

1- As per the report, India will overtake the UK to become the fifth-largest economy in 2025 and the third-largest economy by 2030.

2- In 2019, India had overtaken the UK to become the fifth-largest economy in the world but has been relegated to the 6th position in 2020.

3- The report forecasts that the Indian economy will expand by 9% in the year 2021 and by 7% in 2022.

4- The report further states that with the expansion of the Indian economy, a slowdown in the economic growth will be witnessed. The annual GDP growth is expected to sink to 5.8% in the year 2035.

5- India will overtake the UK in the year 2025, Germany in 2027 and Japan in 2030.

6- India's slow growth has been a consequence of a confluence of factors such as fragility in the banking system, adjustment to reforms and deceleration of global trade.

India	2020	2021	2025	2030	2035
GDP, local currency bn (constant prices)	130,673	142,433	188,169	260,055	348,714
GDP, USD bn (constant prices)	2,453	2,628	3,366	4,909	6,954
GDP, USD bn (current prices)	2,593	2,839	3,916	6,278	9,780
Rank	6	6	5	3	3

The report also stated that India's GDP in Q2 2020 was 23.9% below its 2019 level. This indicates that around a quarter of the country’s economic activity was wiped out by the drying up of global demand and the collapse of domestic demand that accompanied the series of strict national lockdowns.

Countries/Territories	2020	2021	2025	2030	2035
Afghanistan	111	113	117	122	129
Albania	128	126	125	127	131
Algeria	57	57	58	59	60
Angola	74	74	75	68	64
Antigua and Barbuda	177	177	175	175	176
Argentina	31	29	36	47	45
Armenia	132	132	132	130	127
Aruba	166	165	166	170	171
Australia	13	12	13	14	15
Austria	28	28	33	35	41
Azerbaijan	89	88	94	94	96
The Bahamas	135	133	136	140	145
Bahrain	95	95	98	97	101
Bangladesh	41	41	34	28	25
Barbados	155	155	155	157	159
Belarus	80	81	83	84	85
Belgium	26	26	27	32	38
Belize	172	172	174	177	178
Benin	120	118	114	112	112
Bhutan	163	164	164	164	164
Bolivia	92	91	92	90	89
Bosnia and Herzegovina	113	111	111	113	117
Botswana	119	120	118	120	123
Brazil	12	13	11	8	9
Brunei Darussalam	138	135	139	139	140
Bulgaria	71	69	70	72	72
Burkina Faso	118	117	113	114	114
Burundi	161	161	161	162	163
Cabo Verde	169	169	170	167	167
Cambodia	101	102	101	96	94
Cameroon	91	90	90	91	93
Canada	9	9	8	9	12
The central African Republic	165	166	165	163	162
Chad	139	136	133	135	135
Chile	47	45	44	44	47
China	2	2	2	1	1
Colombia	44	44	46	43	42
Comoros	178	178	178	178	177
The Democratic Republic of the Congo	87	87	88	89	91
Republic of Congo	143	141	141	137	137
Costa Rica	79	80	82	81	80
Côte d'Ivoire	76	73	71	67	66
Croatia	81	76	76	80	82
Cyprus	106	106	107	116	125
Czech Republic	48	46	47	45	46
Denmark	38	37	40	41	43
Djibouti	160	160	159	156	155
Dominica	185	185	185	186	187
Dominican Republic	67	67	66	66	68
Ecuador	65	63	64	73	77
Egypt	34	35	37	36	34
El Salvador	102	105	106	110	116
Equatorial Guinea	142	139	143	145	144
Eritrea	167	167	169	168	168
Estonia	99	101	102	103	106
Eswatini	159	158	158	160	161
Ethiopia	63	65	65	60	55
Fiji	158	157	156	155	156
Finland	43	47	48	50	54
France	7	7	7	7	7
Gabon	121	121	120	118	119
The Gambia	170	170	168	166	166
Georgia	117	119	116	111	110
Germany	4	4	4	5	5
Ghana	72	72	73	71	70
Greece	51	52	54	56	59
Grenada	180	180	180	179	179
Guatemala	68	68	68	69	71
Guinea	125	124	124	129	128
Guinea-Bissau	176	175	173	171	170
Guyana	150	149	140	143	148
Haiti	144	147	150	152	153
Honduras	104	104	105	105	109
Hong Kong SAR	36	39	38	40	44
Hungary	55	55	55	55	56
Iceland	110	109	115	121	126
India	6	6	5	3	3
Indonesia	15	15	14	12	8
The Islamic Republic of Iran	22	21	24	46	35
Iraq	53	53	53	54	58
Ireland	29	31	31	31	31
Israel	30	32	32	30	29
Italy	8	8	10	13	14
Jamaica	126	123	129	134	138
Japan	3	3	3	4	4
Jordan	88	89	93	92	88
Kazakhstan	54	54	50	48	48
Kenya	62	62	61	58	53
Kiribati	191	191	191	191	191
Korea	10	10	9	11	11
Kosovo	147	143	145	148	149
Kuwait	60	60	60	62	61
Kyrgyz Republic	148	145	144	141	139
Lao P.D.R.	115	115	112	104	98
Latvia	96	96	99	99	97
Lebanon	114	110	103	102	103
Lesotho	168	168	167	169	169
Liberia	162	162	162	161	157
Libya	108	100	89	100	104
Lithuania	82	84	86	85	83
Luxembourg	70	71	78	77	76
Macao SAR	100	98	85	82	79
North Macedonia	133	128	130	132	134
Madagascar	127	122	123	126	130
Malawi	145	144	147	147	143
Malaysia	40	34	30	29	28
Maldives	154	153	152	150	150
Mali	116	112	109	109	108
Malta	124	127	131	128	124
Marshall Islands	190	190	190	190	190
Mauritania	149	150	149	149	147
Mauritius	136	134	134	136	136
Mexico	16	16	16	16	16
Micronesia	188	188	188	188	188
Moldovo	137	138	138	131	118
Mongalia	130	131	128	123	113
Montenegro	152	152	153	153	152
Morocco	59	59	59	61	63
Mozambique	123	130	121	125	121
Myanmar	69	70	67	64	62
Namibia	141	140	135	138	141
Nauru	192	192	192	192	192
Nepal	98	97	96	95	95
Netherlands	17	17	17	17	18
New Zealand	52	50	52	51	51
Nicaragua	134	137	142	144	146
Niger	131	129	122	115	111
Nigeria	27	27	23	27	27
Norway	33	30	35	34	37
Oman	75	77	77	75	74
Pakistan	45	48	45	42	36
Palau	189	189	189	189	189
Panama	77	79	79	74	73
Papua New Guinea	105	108	108	108	107
Paraguay	94	94	95	93	90
Peru	50	51	49	49	49
Philippines	32	33	28	25	22
Poland	23	23	21	21	24
Portugal	49	49	51	52	52
Puerto Rico	64	64	69	76	81
Qatar	56	56	57	57	57
Romania	46	43	43	38	33
Russia	11	11	12	10	10
Rwanda	140	142	137	133	132
Samoa	183	183	184	183	183
San Marino	175	176	179	180	182
São Tomé and Príncipe	187	187	186	185	185
Saudi Arabia	19	19	20	18	17
Senegal	103	103	100	98	99
Serbia	84	82	81	79	75
Seychelles	179	179	177	176	175
Sierra Leone	157	159	160	159	158
Singapore	39	40	41	37	40
Slovak Republic	61	61	62	63	65
Slovenia	85	85	87	86	84
Solomon Islands	173	173	172	173	173
Somalia	153	154	154	154	154
South Africa	42	42	42	39	39
South Sudan	156	156	157	158	160
Spain	14	14	15	15	13
Sri Lanka	66	66	63	65	67
St. Kitts and Nevis	181	181	181	181	181
St. Lucia	171	171	171	172	174
St. Vincet and the Grenadines	184	184	183	184	184
Sudan	97	99	104	106	102
Suriname	164	163	163	165	165
Sweden	24	24	25	26	30
Switzerland	18	18	19	19	23
Taiwan Province of China	21	20	22	23	26
Tajikistan	146	146	146	146	142
Tanzania	73	75	72	70	69
Thailand	25	25	26	22	21
Timor-Leste	174	174	176	174	172
Togo	151	151	151	151	151
Tonga	186	186	187	186	186
Trinidad and Tobago	107	107	110	117	122
Tunisia	90	93	97	101	105
Turkey	20	22	18	20	20
Turkmenistan	86	86	80	83	86
Tuvalu	193	193	193	193	193
Uganda	93	92	91	88	87
Ukraine	58	58	56	53	50
United Arab Emirates	35	36	39	33	32
United Kingdom	5	5	6	6	6
United States	1	1	1	2	2
Uruguay	83	83	84	87	92
Uzbekistan	78	78	74	78	78
Vanuatu	182	182	182	182	180
Vietnam	37	38	29	24	19
West Bank and Gaza	122	125	126	124	115
Yemen	109	116	127	107	100
Zambia	112	114	119	119	120
Zimbabwe	129	148	148	142	133

How COVID-19 has impacted the GDP of the economies around the world?

1- It has created a government debt build-up.

2- The ongoing COVID-19 pandemic has affected demand.

3- It has also affected the supply side, hitting investment and reducing productivity as a result of measures to contain the deadly virus.

4- Due to COVID-19 pandemic, huge trends have been fast-forwarded, especially in the areas of digitalisation and remote working.

Source: CEBR

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Centre for Economics and Business Research (CEBR) Report 2021: India to become 5th largest economy in 2025 and 3rd largest by 2030

Centre for Economics and Business Research (CEBR) has published a report on 'World Economic League Table 2021' and forecasted that India will overtake the UK in the year 2025, Germany in 2027 and Japan in 2030.

World Economic League Table 2021: Key Highlights

World Economic League Table 2021: India's Ranking

How COVID-19 has impacted the GDP of the economies around the world?

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