As per a report by Standard Chartered, Indian economy is likely to become the third largest economy by 2030 behind China and the USA. The report says that the world is in the midst of an economic “super-cycle”.
What is a Super-Cycle?
A super-cycle is a period of historically high global growth, which remains for a generation or more, driven by opening up of new markets, rising trade, high rates of investment, urbanization and technological innovation.
As per Standard Chartered’s Super –Cycle report:
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