HSBC Report – India Will Surpass Germany as No. 3 Economy

October 1, 2018

With the population in excess of 1.2 billion, India is one of the most populous countries in the world. India’s economy is likely to overtake Japan in 2030 as the world’s third-largest economy. It mentioned that India was seen as “among the most striking” gainers in the bank’s long-term rankings, surpassing Germany and Japan thanks to the economy’s fast growth and a rising working-age population.

The report also emphasized that Beijing poised to push out Washington as they keep the top two positions in 2030 at USD 26 trillion and USD 25.2 trillion respectively. According to the HSBC report, India taking the third spot at USD 5.9 trillion, the news agency mentioned.

This would be worth mentioning here that the Indian economy — Asia’s third-largest economy — grew at 8.2 per cent in the first quarter of 2018-19, retaining its crown as the top-growing major economy by outperforming China, which grew 6.7 per cent in the same quarter.

 

About nehanchal

I am Nehanchal. 3 years ago, I started my career as content writer at Money classic Research. I am fascinated with this job and I feel habit of reading and writing enhances your skills. I love to write technical and health blogs. However, I am engineer turned writer and pursued graduation at Rajiv Gandhi Prodyogiki Vishwavidhyalaya.
By: nehanchal

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