India will become the world's third-largest economy by 2029

The Indian economy has moved to fifth place in the world, leaving Britain behind. At the current growth rate, India will overtake Germany in 2027 and Japan in 2029 to become the third largest economy in the world. According to the State Bank of India's research report, the growth rate in the first quarter of this year has been 13.5%. At this rate, India is likely to be the fastest-growing economy in this financial year.
Former Chief Economic Adviser Dr. Arvind Virmani says that the journey of the Indian economy will continue and India will become the world's third-largest economy in the coming few years. He said – Last year we were in sixth place.
In 2022, it was expected that we would become the fifth largest economy. Virmani further said that India is growing rapidly and will become the third largest economy in the world by 2028-30. In 2014, the Indian economy was the 10th largest in the world, so a change of 7 places may be visible.
According to the International Monetary Fund (IMF), India is not far behind the US, China, Japan and Germany in terms of the size of its economy. The IMF says the difference is about $854 billion.