India will overtake Japan and Germany in nominal GDP by 2028 to emerge worlds third-largest economy
Posted on:14 Nov 2017 15:38:00
Free Current Affairs to Your Email
14 November 2017 Current Affairs: India will overtake Japan and Germany in nominal GDP and is likely to achieve strong growth by 2028.
India will also emerge as the world’s third-largest economy stated the Bank of America Merrill Lynch in a report titled, India 2028.
According to the report, India has already emerged as the second largest BRIC economy after China by overtaking Brazil and Russia. By 2019, India will also overtake France and Britain to emerge as the world’s fifth largest economy.
This assumes that the Indian economy witnesses a 10 percent (in nominal US GDP) growth in the next decade which is well ahead of Japan's 1.6 percent.
The Bank of America Merrill Lynch has reported the country's real GDP growth at the potential of 7 percent.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.