India's ascent is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years.
UK based the Centre for Economics and Business Research (Cebr) consultancy's 2020 World Economic League report on Monday said that India looks set to surpass Germany to become the fourth-largest economy in 2026 and Japan to become third-largest in 2034.
According to the report India has decisively overtaken both France and the UK to become the world’s fifth-largest economy in 2019. It is expected to overtake Germany to become fourth-largest in 2026 and Japan to become the third-largest in 2034. India is also set to reach a GDP of $5 trillion by 2026 – 2 years later than the current government target.
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