{"id":10286,"date":"2020-10-11T18:34:37","date_gmt":"2020-10-11T13:04:37","guid":{"rendered":"http:\/\/citybell.in\/?p=10286"},"modified":"2020-10-11T18:34:37","modified_gmt":"2020-10-11T13:04:37","slug":"india-to-be-third-largest-economy-in-world-by-2050-says-study","status":"publish","type":"post","link":"https:\/\/citybell.in\/?p=10286","title":{"rendered":"India to be third-largest economy in world by 2050, says study"},"content":{"rendered":"\n<p><cite><strong>City Bell Live | Janhavi Patil |<\/strong><\/cite><cite> \ud83d\udd36\ud83d\udd37\ud83d\udd36<\/cite><\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><strong>The researchers studied working-age population trends of countries and calculated Gross Domestic Product (GDP) based on the data-driven scenarios.<\/strong><\/pre>\n\n\n\n<p>In 2017, India was the seventh-largest economy in the world. The study took that as the base year and calculated the growth of the country.<br><\/p>\n\n\n\n<p><strong>Indian economy will become the third-largest in the world by 2050 after the United States and China, a study published in the Lancet journal has said. Currently, India is at fifth spot followed by France and the United Kingdom.<\/strong><\/p>\n\n\n\n<p>The researchers studied working-age population trends of countries and calculated Gross Domestic Product (GDP) based on the data-driven scenarios.<br>In 2017, India was the seventh-largest economy in the world. The study took that as the base year and calculated the growth of the country. As per the study, India will become the fourth-largest economy in the world by 2030 and subsequently moved to third spot by 2050.<br>If that happens, India will overtake Japan in the list which is currently at the fourth spot.<br>This comes as the Indian economy is reeling under the burden of Covid-19 pandemic which has pushed many businesses into losses. This year, the GDP contracted by 23.9% in the April-June period quarter. It had grown at 3.1%, its slowest pace in at least eight years.<br>India\u2019s GDP growth has been among the highest the world in the last decade. Constant urbanisation and improvement in technology have fuelled the rapid rise in the economy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1002\" height=\"1024\" src=\"http:\/\/citybell.in\/wp-content\/uploads\/2020\/10\/IMG-20200928-WA0014-23-1002x1024.jpg\" alt=\"\" class=\"wp-image-10251\" srcset=\"https:\/\/citybell.in\/wp-content\/uploads\/2020\/10\/IMG-20200928-WA0014-23-1002x1024.jpg 1002w, https:\/\/citybell.in\/wp-content\/uploads\/2020\/10\/IMG-20200928-WA0014-23-293x300.jpg 293w, https:\/\/citybell.in\/wp-content\/uploads\/2020\/10\/IMG-20200928-WA0014-23-768x785.jpg 768w, https:\/\/citybell.in\/wp-content\/uploads\/2020\/10\/IMG-20200928-WA0014-23.jpg 1252w\" sizes=\"auto, (max-width: 1002px) 100vw, 1002px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>City Bell Live | Janhavi Patil | \ud83d\udd36\ud83d\udd37\ud83d\udd36 The researchers studied working-age population trends of countries and calculated Gross Domestic Product (GDP) based on the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-10286","post","type-post","status-publish","format-standard","hentry","category-english-news","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/citybell.in\/index.php?rest_route=\/wp\/v2\/posts\/10286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citybell.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citybell.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citybell.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/citybell.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10286"}],"version-history":[{"count":0,"href":"https:\/\/citybell.in\/index.php?rest_route=\/wp\/v2\/posts\/10286\/revisions"}],"wp:attachment":[{"href":"https:\/\/citybell.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citybell.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citybell.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}