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In 2025, India will overtake Japan to become the World’s 3rd Largest Economy: IHS Markit

In 2025, India will overtake Japan to become the World’s 3rd Largest Economy: IHS Markit

India will this year overtake the UK to become the world''s fifth biggest economy, and is poised to surpass Japan to be the third largest in 2025, according to the latest IHS Markit’s report.

Key points -

  • IHS Markit estimates that India will overtake the UK to become the world''s fifth largest economy in 2019, and forecasts that Indian GDP will reach USD 5.9 trillion in 2025, surpassing Japanese GDP to make India the world''s third-largest economy.
  • The size of the Indian consumer market is forecast to increase from USD 1.9 trillion in 2019 to USD 3.6 trillion by 2025.

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