India to overtake UK to become 5th-largest economy by 2025, 3rd biggest by 2030: CEBR
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

- Dec 26, 2020,
- Updated Dec 26, 2020 4:25 PM IST
India is one of the worst affected countries due to coronavirus but it'll become the world's fifth-largest economy by 2025 and the third-largest by 2030 after overtaking the UK in 2025, a UK-based think tank has said. As per the Centre for Economics and Business Research (CEBR), India will surpass Germany in terms of GDP by 2027 and Japan by 2030.
"India has been knocked off course somewhat through the impact of the pandemic. As a result, after overtaking the UK in 2019, the UK overtakes India again in this year's forecasts and stays ahead till 2024 before India takes over again," the CEBR said in an annual report published on Saturday.
CEBR's estimate suggests India's GDP per capita in 2020 was $6,284, making it a lower-middle-income country.
It said though Covid-19 delivered a major blow to the Indian economy, it was losing momentum even ahead of the pandemic due to fragile banking system, adjustment to reforms and deceleration of global trade. "The rate of GDP growth sank to a more than 10-year low of 4.2 per cent in 2019, down from 6.1 per cent the previous year and around half the 8.3 per cent growth rate in 2016."
India is one of the worst affected countries due to coronavirus but it'll become the world's fifth-largest economy by 2025 and the third-largest by 2030 after overtaking the UK in 2025, a UK-based think tank has said. As per the Centre for Economics and Business Research (CEBR), India will surpass Germany in terms of GDP by 2027 and Japan by 2030.
"India has been knocked off course somewhat through the impact of the pandemic. As a result, after overtaking the UK in 2019, the UK overtakes India again in this year's forecasts and stays ahead till 2024 before India takes over again," the CEBR said in an annual report published on Saturday.
CEBR's estimate suggests India's GDP per capita in 2020 was $6,284, making it a lower-middle-income country.
It said though Covid-19 delivered a major blow to the Indian economy, it was losing momentum even ahead of the pandemic due to fragile banking system, adjustment to reforms and deceleration of global trade. "The rate of GDP growth sank to a more than 10-year low of 4.2 per cent in 2019, down from 6.1 per cent the previous year and around half the 8.3 per cent growth rate in 2016."