{"id":5528,"date":"2022-12-27T04:11:41","date_gmt":"2022-12-26T22:41:41","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=5528"},"modified":"2025-03-27T09:21:53","modified_gmt":"2025-03-27T03:51:53","slug":"india-to-become-third-largest-economy-by-2035","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/india-to-become-third-largest-economy-by-2035\/","title":{"rendered":"India to become third largest economy by 2035"},"content":{"rendered":"<h2><strong>Why in News?\u00a0<\/strong><\/h2>\n<ul>\n<li>In its <strong>annual World Economic League Table<\/strong>, the Centre for Economics and Business Research said that over the next five years, <strong>India&#8217;s annual rate of GDP growth is expected to average 6.4<\/strong> percent after which growth is expected to average 6.5 percent in the subsequent nine years.<\/li>\n<li>CEBR also adds that by <strong>2037, world gross domestic product will be doubled as developing economies will catch up with the richer ones.<\/strong><\/li>\n<li><strong>The shifting balance of power<\/strong> will see the East Asia and Pacific region account for over a third of global output by 2037, while Europe&#8217;s share shrinks to less than a fifth.<\/li>\n<li><strong>The global economy<\/strong> will face recession in 2023 mainly due to rises in interest rates by the central banks to arrest higher inflation.<\/li>\n<li>The global economy surpassed 100 trillion Dollar for the first time in 2022, but will stall in 2023 as policy makers continue their fight against soaring prices.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) Where is CEBR based?<\/h3>\n<p>The Centre for Economics and Business Research (CEBR) is an economic consultancy based in London, United Kingdom.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/newsonair.gov.in\/News?title=India-will-become-third-largest-economy-by-2035-%3a-CEBR&amp;id=453029\" target=\"_blank\" rel=\"nofollow noopener\"><u>India will become third largest economy by 2035 : CEBR<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As per CEBR, with expected shift in balance of power, India will become third largest economy by 2035<\/p>\n","protected":false},"author":5,"featured_media":5529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5528","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=5528"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/5529"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=5528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=5528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=5528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}