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India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth biggest economy.

In a report released yesterday, the British consultancy CEBR said the world's economic output will exceed 100 trillion dollar for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy. CEBR predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast in last year's World Economic League Table report.

CEBR deputy chairman Douglas McWilliams said, the important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8 per cent in the U.S.

The report showed Germany was on track to overtake Japan in terms of economic output in 2033. Russia could become a Top 10 economy by 2036 and Indonesia looks on track for ninth place in 2034. 




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