By 2030, India to become 3rd largest economy: PwC

As per the latest estimates by PricewaterhouseCoopers (PwC), India will become the third largest economy in the world by 2030. According to the London-based accountancy giant, the rapid rise of the Indian economy with its young workforce would thrust it up from being the 10th largest economy in 2013 to the 3rd largest by 2030, pushing the UK back into 6th place.

By 2030, as per PwC, the world’s second largest economy- China is expected to reduce the gap with the US. Mexico is forecasted to be the 10th largest economy above Canada and Italy, both G7 nations. A few years back there were predictions that Britain would rapidly become a second-class economic power and would need to defer to the BRIC (Brazil, Russia, India and China) countries in the near future.

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Categories: India Current Affairs 2017

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