India to expand to be the fifth largest economy in the world during 2018

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Next year India is going to overtake the UK and France to become the country with the fifth largest economy in the world, as reported during last weeks yearly round-ups.

This year, India ranks seventh, and plans to take the fifth place in 2018 and third place by 2032, according to the annual rating of the London Centre for Economic and Business Research.

The report says that cheap energy and a digital revolution will contribute to economic growth throughout the world. In the world growth will dominate the Asian economies including India, China and Japan.