Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
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India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, according to a report by global consultancy firm PwC.As per the report, while the U.K. and France have regularly switched places owing to similar levels of development and roughly equal populations, India’s climb up the rankings is likely to be permanent.PwC’s Global Economy Watch report projects real GDP growth of 1.6% for the U.K., 1.7% for France and 7.6% for India in 2019.“India and France are likely to surpass the U.K. in world’s largest economy rankings in 2019, knocking it from the fifth to seventh place,” the report said.
