The most Eeffected in Corona Virus is US after that in 2nd position stands India Althouh India will become 3rd largest economy by 2030 and 5th biggest economy by 2025. The Centre For economics and Business Research said that COVID Crisis had played as a ‘human and economic catastrophic’ for India.

India May Become 3rd Largest Economy By 2030 & 5th Biggest Economy By 2025 : CEBR

India was at 5th position as largest economy previously year 2019 by crossing United Kingdom but Due to massive affect by COVID 19 india has pushed back to 6th position as largest economy.But according to Centre For Economics and Business and Research india will become 5th largest economy by 2025 and 3rd biggest by 2030.

India has been knocked off course by the pandemic and, as a result, the UK overtakes the country in this year’s forecasts and stays ahead till 2024 before India takes over again, says a latest report by CEBR. “India has been knocked off course somewhat through the impact of the pandemic. As a result, after overtaking the U.K. in 2019, the U.K. overtakes India again in this year’s forecasts and stays ahead till 2024 before India takes over again,” the Centre for Economics and Business Research (CEBR) said in an annual report published on Saturday. “India has been knocked off course somewhat through the impact of the pandemic. As a result, after overtaking the U.K. in 2019, the U.K. overtakes India again in this year’s forecasts and stays ahead till 2024 before India takes over again,” the Centre for Economics and Business Research (CEBR) said in an annual report published on Saturday

At today India is at 6th largest economy but India would overtake UK in 2024 ,Germany in 2027 & Japan in 2030.But Chaina would overtake USA by 2028 as per CEBR report.

The report also said that India manufactured majority of the world’s vaccines and had 42-year-old vaccination programme, which put it in a better position than other developing countries to roll out a coronavirus vaccine in 2021.

India’s Gross Domestic Product growth rate contracted by 7.5% for the second quarter (July-September) of the current financial year, government data showed. With this, the country’s economy slipped into a technical recessionary phase for the first time ever – when its GDP growth is negative or declining for two consecutive quarters or more.

The government’s stimulus spending in response to the Covid-19 crisis has been significantly more restrained than most other large economies, although the debt to GDP ratio did rise to 89% in 2020.

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