Can India become the largest economy in the world?

India will be the world’s third-largest economy by 2031, Bank of America projects. Analysts predict that in the next decade, India’s economy will overtake Japan and Germany, and will rank behind the United States and China among the most powerful economies in the world.

What is the rank of Indian economy in the world?

Ranking the Richest Countries in the World

Top Ten Countries by Nominal GDP at Current U.S. Dollar Exchange Rates
Japan $5.08 $40,247
Germany $3.86 $46,445
India $2.87 $2,100
United Kingdom $2.83 $42,330

Will India be a developed country by 2050?

By 2050, India will be the world’s largest country in terms of population by a wide margin over China, with a mind-boggling 1.7 billion people—400 million more than today. Over the next 35 years, its dependency ratio will actually decline from a bit over 50 percent today to a bit under 50 percent in 2050.

Which country is No 1 in world?

The rankings measure global perceptions of 165 nations chosen because they contribute most to the world’s GDP.

The World’s Best Countries For Quality of Life, 2021.

Rank Country Score
1 Finland 99.06
2 Denmark 98.13
3 Norway 96.75
4 Belgium 96.53

Is India a poor country 2020?

The world’s largest democracy, India is a federal republic with 29 relatively autonomous states and seven union territories. … But because of its population, it’s also one of the poorest countries in the world based on income and gross national product per capita.

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Which country has best future?

The 2021 rankings placed Singapore in fourth ahead of South Korea; while the United States ranked sixth, and Australia seventh.

World’s Most Forward-Thinking Countries, 2021.

Rank Country Score
1 United Kingdom 72.15
2 Japan 67.22
3 Germany 65.15
4 Singapore 64.32

Which country will be richest in 2100?

The Economy

According to the report, India’s GDP will rise to take the number-three spot, while France, Germany, Japan, and the UK will stay among the world’s 10 largest economies. By 2050, China’s gross domestic product will overtake that of the United States, but fall back into second place by 2100, they predict.

What is best country?

The top 10 Best Countries in the World:

  • Canada.
  • Japan.
  • Germany.
  • Switzerland.
  • Australia.
  • United States.
  • New Zealand.
  • United Kingdom.