India to surpass Germany as 4th largest economy by 2022: IMF

India will surpass Germany as the world’s fourth-largest economy by 2022 and push the UK out of the fifth rank in 2017, according to an analysis of growth projections by the International Monetary Fund.

  • However, according to the IMF analysis, India has to address a lot of issues in order to make the climb.

  • These include implementing the Goods and Services Tax (GST), dealing with stressed assets among all major economies across the globe, increasing productivity and employment opportunities, encouraging corporate investment and overcoming a shortfall of infrastructure.

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