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As per 2018 World Economic League Table released by Centre for Economics and Business Research (Cebr), which country is the world’s No.1 Economy?
  • a)
    USA
  • b)
    India
  • c)
    China
  • d)
    Japan
  • e)
    Russia
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
As per 2018 World Economic League Table released by Centre for Economi...
As per 2018 World Economic League Table released by Centre for Economics and Business Research (Cebr), Indian economy will surpass Britain and France in 2018 and will thus become the fifth largest economy. Cebr Deputy Chairman, Douglas McWilliams has stated that despite temporary setbacks in past one year (on account of demonetisation and roll out of Goods and Services Tax regime), India’s economy has managed to catch up with that of France and the United Kingdom (UK). As per the Cebr report, impact of Donald Trump’s Presidency on trade/businesses in USA has been less severe than expected. Thus USA economy will be able to retain its No. 1 position for a year longer than what was anticipated in the last report. In 2032, China is likely to overtake the United States as world’s No. 1 economy.
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