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India To Become The Third Largest Economy By 2030

India Third Largest Economy

By 2030 India is likely to become the third largest economy in the world after China and United States. Emerging markets are expected to grow faster than developed economies. Also, Indonesia ans Mexico would rank among the top ten economies at market exchanges rates by 2050, overtaking economies such as Italy and Russia.Such will be the growth of China and India that by 2050 they will each be richer than the next five (Indonesia, Germany, Japan, Brazil and the UK) put together. India is expected to move up the rankings to third place, with real growth averaging close to 5 per cent up to 2050.