India likely to emerge as the third-largest economy in the world

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Statsguru:

India is likely to emerge as the third-largest economy in the world in just over a decade from now, surpassing Japan and Germany, according to a new report from HSBC Global Research. As seen in Chart 1, China is projected to be the largest economy in the world by 2030, followed by the US and India.

According to the report, the advanced economies of Denmark and Norway are likely to be the biggest losers in the coming decade, falling nine and ten positions on global rankings, respectively. On the other hand, as seen in Chart 2, countries like Bangladesh and the Philippines will be the biggest gainers over this period.

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