XETO OFFICIAL

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Good News! India overtakes Britain to become world’s fifth largest economy

3 min read
In the case of the largest economy, now only America, China, Japan and Germany are ahead of India. The International Monetary Fund (IMF) has expressed this estimate. Till a decade ago, India was ranked 11th in terms of major economies while Britain was at fifth place. But due to the record expansion in the Indian economy in the April-June quarter, it has overtaken the UK and has slipped to the sixth position. India’s forecast of overtaking the UK is based on Bloomberg calculations that it has prepared based on the IMF’s database and historical exchange rates.
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