[FINANCIAL NEWS]
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said.
India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020. The UK appears to have overtaken India again during 2020 as a result of the weakness of the rupee in the pandemic. The CEBR forecasts that the Indian economy will expand by 9 percent in 2021 and by 7 percent in 2022.