Indian Gross Domestic Product during the Corona period (GDP) May have suffered a major setback, but over time, that is likely to change. One study claimed that Indian economy By 2050, it will become the third largest economy in the world. The study is published in the journal Lancet.
At that time, the United States would be number one and China number two, according to a study in the Lancet Journal. So, India’s number will come after these two. India is currently ranked 5th. America, China, Japan and Germany are ahead of us. France and Britain are behind us. The study looks at the population, GDP, etc. of the working people in the countries.
In 2017, India was the seventh largest economy in the world. The study is based on that year as a base year. According to the study, India will reach fourth place by 2030 and third place by 2050. If we talk about the current situation, the Indian economy is going through a bad phase like other countries during the Koro period.
The country’s GDP declined by 23.9 per cent in the first quarter of the current financial year. The first quarter GDP was expected to decline sharply. In the last decade, India’s economy has been ranked among the fastest growing economies in the world. Urbanization and the advancement of technology are said to be the major reasons behind this.