India soon to become world's 5th largest economy & 2nd in APAC region by 2025
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IHS Markit said in a report about Modi's win & comeback, that the economic outlook looks positive for Modi 2.0, with GDP growth forecast to average around 7% per year over 2019-2023. India will soon overtake the UK to become the world's 5th largest economy in 2019, reaching a total GDP size exceeding USD3 trillion. Indian GDP is also expected to surpass Japan & become the 2nd largest economy in the APAC region.