India will become the third economic superpower by 2037 and a $10-trillion economy by 2035, Centre for Economics and Business Research (CEBR), a leading London-based consultancy, has said. Published on Monday, the report said the world is moving towards recession.
However, over the next five years, the annual rate of India’s GDP growth is expected to average 6.4%, after which it is expected to grow at average 6.5% in the subsequent nine years.
“This growth trajectory will see India rise from fifth place on the World Economic League Table in 2022 to third in the global rankings by 2037,” it said.