'India to be the third largest economy by 2050'

NEW DELHI: Experts claim that growing at a pace faster than other G-20 countries, India is likely to emerge as one of the top three economies of the world along with the US and China by 2050.



India's GDP is expected to increase by 16 times from the current USD 1.1 trillion to USD 17.8 trillion by 2050, said the November issue of 'International Economic Bulletin' of the prestigious Carnegie Endowment for International Peace.

The bulletin projects that between 2009 and 2050, Indian economy is expected to grow at 6.19 per cent point. It indicates that by 2050, India would be one of the three largest economies of the world, the other two being the US and China.

Germany, UK, France and Italy will be in fourth to saeventh spots respectively in the World economy, the report said.