Davos: Indian economy is likely to grow by 8.7 percent annually and generate 3.75 crore jobs by 2020 on the back of investments in skills and infrastructure, a report said. Accenture, a global consulting firm, in its report released at the World Economic Forum here added that four major economies - India, Germany, U.S. and UK - together account for nearly two-fifths of the world economy. "With essential interventions such as investing in skills and infrastructure to harness these four new waves of growth, economies could raise economic growth rates and employment levels," it said. It said that India's economy would annually grow by "8.7 percent, compared to 8 percent expected currently; 37.5 million (3.75 crore) more jobs in 2020 than currently expected." According to the Reserve Bank's projections, Indian economy could record a growth of over 8.5 percent in the current fiscal, up from 7.4 percent in the 2009-10. During the first half of 2010-11 the economy recorded a growth rate of 8.9 percent. International Monetary Fund (IMF) has projected India's economy to grow by 8.75 percent in 2010-11 with a moderation to about 8 percent during the next fiscal. According to the Accenture report, the U.S. will grow by 3.8 percent annually, Germany and the UK's by 2.8 percent and 3.1 percent, respectively. The report further said that the areas which would provide growth opportunities in emerging economies like India include low-cost goods and services, infrastructure, education, housing and transport.