India to emerge third-largest economy of world by 2029: As per the report of State Bank of India (Economic Research Department), the India is set to become the third largest economy in the world by 2029.
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India will surpass Germany in 2027 and most likely Japan by 2029 at the current rate of growth. The country has undergone a large structural shift since 2014 and is now the 5th largest economy overtaking the United Kingdom. The report is authored by Soumya Kanti Ghosh, group chief economic adviser, SBI.