India likely to surpass United Kingdom in largest economy rankings in 2019: Report

PwC's annual Global Economy Watch projects real GDP growth in 2019 of 7.6 per cent for India, 1.6 per cent for the UK, and 1.7 per cent for France.

It seems Brexit issue is taking its toll on the British economy. According to latest projections by PricewaterhouseCoopers (PwC), India and France are likely to get ahead of the United Kingdom (UK) in the 2019 rankings of world's largest economies.
 
PwC is a multinational professional services network headquartered in London, UK.
 
PwC's annual Global Economy Watch projects real GDP growth in 2019 of 7.6 per cent for India, 1.6 per cent for the UK, and 1.7 per cent for France.
 
"India and France are likely to surpass the UK in the world's largest economy rankings in 2019, knocking it from fifth to seventh place in the global table," the report said.
 
The growth projection for UK in 2020 has been pegged at 1.5 per cent of GDP, while it is 7.7 per cent for India.
 
"India is the fastest growing large economy in the world, with an enormous population, favourable demographics and high catch-up potential due to low initial GDP per head. It is therefore all but certain to continue to rise in the global GDP league table in the coming decades." 
 
The report said the global economy is expected to slow in 2019 as G7 countries return to long run average growth rates. 
 
Source: NDTV Profit

Add new comment