Uday Kotak gives a ’reality check’ as Indian economy becomes world’s 5th largest
2 years, 4 months ago

Uday Kotak gives a ’reality check’ as Indian economy becomes world’s 5th largest

Live Mint  

India has become the world's 5th largest economy, overtaking Britain and the unprecedented moment is hailed by several industrialists, business tycoons, and bankers. Ace banker Uday Kotak, the managing director of Kotak Mahindra Bank also hailed India for achieving such an impressive milestone but he also gave a reality check on the "population denominator". Kotak wrote, "Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy: India $3.5 trillion vs the UK $3.2 trillion". Interestingly, India had surpassed the UK as the 5th largest economy as early as December 2021 itself and not recently as is being claimed," the note said.

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History of this topic

Watch: Indian economy: what to expect in 2025?
1 week, 4 days ago

Watch: Indian economy: what to expect in 2025?

The Hindu  

At the start of 2024, there was a lot of excitement about the Indian economy - the country was one of the fastest growing economies in the world and there was anticipation that India will become a $4 trillion economy in 2024-25 and become the world’s third-largest economy by 2027. However, the latest data from the National Statistics Office showed …

Uday Kotak's priority areas for Indian economy in New Year 2025: 'Go for growth...'
2 weeks, 2 days ago

Uday Kotak's priority areas for Indian economy in New Year 2025: 'Go for growth...'

Hindustan Times  

As the curtains come down to the calendar year 2024, Uday Kotak, Founder and Director of Kotak Mahindra Bank, has listed ten-point priority areas for the overall growth of the Indian economy in the year that knocks our doors. took to social media platform X to talk about the growth of the Indian economy Taking to X, in his first …

The UK is open for business and India features high on its speed-dial
1 month ago

The UK is open for business and India features high on its speed-dial

Live Mint  

Prime Minister Keir Starmer and Prime Minister Narendra Modi sat down together at the G20 Summit in Brazil for what both have described as an extremely productive meeting. And initiatives like the UK-India Infrastructure Financing Bridge between Niti Aayog and the City of London are bringing the UK’s financing expertise to bear in supporting India’s growth. A new National Wealth …

India's growth offers phenomenal opportunities to American investors: K V Subramanian
1 month, 1 week ago

India's growth offers phenomenal opportunities to American investors: K V Subramanian

Deccan Chronicle  

Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian said India's growth offers phenomenal opportunities to American investors. "The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going …

UK to relaunch ‘vital’ trade talks with India in early 2025
1 month, 3 weeks ago

UK to relaunch ‘vital’ trade talks with India in early 2025

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK is set to relaunch trade talks with India at …

Colonialism decimated innovation and research in India, says Governor R.N. Ravi
7 months, 2 weeks ago

Colonialism decimated innovation and research in India, says Governor R.N. Ravi

The Hindu  

Tamil Nadu Governor R.N. Ravi on Monday said that the education system that was a legacy of colonial rule had resulted in the “spirit of innovation and research” being decimated over a period of time. The Governor blamed the colonial British government for decimating the “spirit of innovation and research” that he said was the hallmark of the country prior …

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant
8 months ago

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant

India TV News  

Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. Some highlights of India's journey to the top 5 economies of the world in 2024 from Fragile 5 in 2013, according …

Focus on India's Strengths for Faster Growth: Rajan
1 year ago

Focus on India's Strengths for Faster Growth: Rajan

Deccan Chronicle  

In 2005, Dr Raghuram Rajan, then with the International Monetary Fund, drew disapproving looks from an audience of economists and bankers in Jackson Hole, Wyoming, in the US, when he said the roll-out of complicated instruments, such as credit-default swaps and mortgage-backed securities, made the global financial system a riskier place. Dr Rajan, Katherine Dusak Miller Distinguished Service Professor of …

India to be $5 trillion economy by end of 2025: Amit Shah
1 year, 1 month ago

India to be $5 trillion economy by end of 2025: Amit Shah

The Hindu  

Union Home Minister Amit Shah on December 9 said India will become a $5 trillion economy by the end of 2025. Addressing the valedictory session of the Uttarakhand Global Investors Summit in Dehradun, Mr. Shah said India has grown exponentially on every front over the past one decade due to the farsighted and visionary leadership of Prime Minister Narendra Modi. …

'India will become USD 5 trillion economy by end of 2025': Amit Shah at Uttarakhand Global Investors Summit
1 year, 1 month ago

'India will become USD 5 trillion economy by end of 2025': Amit Shah at Uttarakhand Global Investors Summit

India TV News  

Uttarakhand Global Investors Summit: India will become a USD 5 trillion economy by the end of 2025, said Union Home Minister Amit Shah on Saturday. Addressing the valedictory session of the Uttarakhand Global Investors Summit at the Forest Research Institute in Dehradun, Shah said that due to the visionary leadership of Prime Minister Narendra Modi, India has progressed rapidly on …

India to be world's third-largest economy by 2030: S&P
1 year, 1 month ago

India to be world's third-largest economy by 2030: S&P

The Hindu  

India will remain the fastest-growing major economy for at least the next three years, setting it on course to become the world's third-largest economy by 2030, S&P Global Ratings said in a report. India's gross domestic product grew a bigger-than-expected 7.6% in the second quarter of fiscal 2024, data showed last week, which prompted several brokerages to raise their full-year …

A $5 trillion economy, but for whom?
1 year, 1 month ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the …

Vantage | India isn't a $4 tn economy yet, but it's growth story is for real
1 year, 1 month ago

Vantage | India isn't a $4 tn economy yet, but it's growth story is for real

Firstpost  

While the viral screenshot turned out to be fake, India’s growth story is for real On 19 November, an unverified screenshot went viral. India: $3.75 trillion Currently, India is the world’s fifth largest economy, after the United States, China, Germany and Japan. He listed eight main challenges: Increasing investment Improving productivity Improving health and education Creating jobs Raising agriculture productivity …

Startups to play key role in India becoming third largest economy: CEA Anantha Nageswaran
1 year, 1 month ago

Startups to play key role in India becoming third largest economy: CEA Anantha Nageswaran

Live Mint  

Chief Economic Advisor Anantha Nageswaran has said that startups will play an important role in India achieving its developmental aspirations and becoming the third-largest economy in the world Chief Economic Advisor Anantha Nageswaran has said that startups will play an important role in India achieving its developmental aspirations and becoming the third largest economy in the world, PTI reported Sunday. …

India makes it to $4 trillion economy club
1 year, 1 month ago

India makes it to $4 trillion economy club

Deccan Chronicle  

New Delhi: Achieving a historic milestone, India's economy on Sunday crossed the $4 trillion mark in its gross domestic product in nominal terms for the first time ever, several media reports said, citing a purported screenshot of a live GDP tracker of all economies based on the IMF data. After the report surfaced in the media circle, BJP leaders, ministers …

Fragile Five to Top Five: How India had become the fifth largest economy in 2021 itself
1 year, 2 months ago

Fragile Five to Top Five: How India had become the fifth largest economy in 2021 itself

Firstpost  

On 20 October, Prime Minister Narendra Modi opened the newest stretch of line on the metro in Bengaluru. The IMF expects India to be the fastest growing economy till 2028 at least, growing above 6 percent every single year! India became the 5th largest economy in 2021 itself When India became the world’s 5th largest economy this year, there was …

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global
1 year, 2 months ago

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global

India TV News  

Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth …

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’
1 year, 4 months ago

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’

News 18  

With Prime Minister Narendra Modi declaring that India is expected to be the world’s third largest economy in the next five years on the 77th Independence Day from the ramparts of the Red Fort on Tuesday morning, Sanjeev Sanyal, member of Economic Advisory Council to the Prime Minister, spoke exclusively to News18 in which he stressed that more economic reforms …

Modi says India’s economy will be among the top three in the world within five years
1 year, 4 months ago

Modi says India’s economy will be among the top three in the world within five years

Associated Press  

NEW DELHI — Prime Minister Narendra Modi said India’s economy will be among the top three in the world within five years, as he marked 76 years of independence from British rule on Tuesday. Wearing a flowing, multi-colored turban, Modi addressed the country from New Delhi’s 17th century Mughal-era Red Fort, saying his government had lifted over 130 million people …

Fragile 5 to Top 5: India scripts economic turnaround story in 9 years
1 year, 6 months ago

Fragile 5 to Top 5: India scripts economic turnaround story in 9 years

Deccan Chronicle  

Hyderabad: As the United States pulls out all stops to make Prime Minister Narendra Modi's state visit a huge success, India basks in a new glory of being a key indispensable partner of the developed economies to ring-fence the world from a coalition of autocrats. Now, India is the fifth largest economy in the world — in a complete contrast …

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
1 year, 7 months ago

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman

Live Mint  

India's gross domestic product has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2014, said finance minister Nirmala Sitharaman on June 12. Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. Recently, ratings agency Moody's estimated the Indian economy to clock …

India's rise unstoppable, to become 3rd largest economy by turn of decade: Dhankhar
1 year, 10 months ago

India's rise unstoppable, to become 3rd largest economy by turn of decade: Dhankhar

The Hindu  

Vice President Jagdeep Dhankhar on Friday said India is a rising star in the global economy primarily due to agriculture and agri-based industry, and stressed that the country's rise is "unstoppable". Addressing the 61st convocation of Indian Agricultural Research Institute, Mr. Dhankhar said: "In September 2022, India became the 5th largest economy in the world. "By the end of the …

India to remain 5th largest economy in 2023, says RBI bulletin
1 year, 11 months ago

India to remain 5th largest economy in 2023, says RBI bulletin

Live Mint  

A Reserve Bank of India bulletin said on Thursday that India will maintain its position as the fifth-largest economy in 2023. It further said that India will become a USD 3.7 trillion economy in 2023 and will continue to maintain its lead on the United Kingdom, stressing that the macroeconomic stability is getting entrenched. Recent data arrivals indicate that the …

’Economy on fifth spot under chaiwala…’: PM Modi takes jibe at predecessor
2 years, 1 month ago

’Economy on fifth spot under chaiwala…’: PM Modi takes jibe at predecessor

Live Mint  

Prime Minister Narendra Modi on Monday targeted his predecessor Manmohan Singh in a veiled attack on the growth of the Indian economy, saying the country climbed up by one position to reach the tenth spot despite a renowned economist being the PM in the Congress-led government for ten years till 2014. He called himself a humble 'chaiwala' and said that …

Sunanda K. Datta-Ray | The other side of life in the 5th largest economy
2 years, 3 months ago

Sunanda K. Datta-Ray | The other side of life in the 5th largest economy

Deccan Chronicle  

The jubilation over India’s GDP outstripping Britain’s is a reminder that Indians often take pride in records that should rightly be ignored or even sometimes treated as a matter of national shame. “Proud moment for India to pip the United Kingdom, our colonial ruler, as the fifth largest economy: India $3.5 trillion vs the UK $3.2 trillion”, gushed Kotak Mahindra …

China's Zhao Lijian 'corrects' Western media on India dislodging the UK to become the 5th largest economy
2 years, 3 months ago

China's Zhao Lijian 'corrects' Western media on India dislodging the UK to become the 5th largest economy

Op India  

Chinese Foreign Ministry spokesperson Zhao Lijian on Tuesday corrected the Western media’s take on India displacing the United Kingdom in becoming the 5th largest economy in the world. “Stop describing the world from the perspective of colonists,” Lijian tweeted while sharing a ‘corrected’ version of Bloomberg UK’s tweet on India’s leap to the 5th largest economy in the world. India …

India becoming world’s 5th largest economy no ordinary feat: PM Modi
2 years, 4 months ago

India becoming world’s 5th largest economy no ordinary feat: PM Modi

Hindustan Times  

India has emerged as the fifth largest economy in the world and this is not an ordinary achievement, Prime Minister Narendra Modi said on Thursday. The Prime Minister was virtually addressing a mega medical camp organised in Olpad area of Surat city in Gujarat when he made the remarks on the Indian economy. The Prime Minister was virtually addressing a …

Number Theory: Fine print of India’s fifth largest economy status
2 years, 4 months ago

Number Theory: Fine print of India’s fifth largest economy status

Hindustan Times  

India has surged past United Kingdom to become the fifth largest economy in the world, IMF said on September 2. A historical look at India’s global GDP ranking A historical look at the IMF’s World Economic Outlook database shows that the Indian economy has made rapid gains in terms of global GDP ranking in the past decade and half. IMF’s …

PM Modi's swipe at UK: 'Left behind those who ruled India for 250 years'
2 years, 4 months ago

PM Modi's swipe at UK: 'Left behind those who ruled India for 250 years'

Hindustan Times  

India has left behind those who ruled over the country for 250 years, Prime Minister Narendra Modi said at an event on Monday. Addressing a gathering of national award-winning teachers, Modi said: “We have surpassed those who ruled us for 250 years in economic growth.” Teachers' Day: Prime Minister Narendra Modi interacts with National Award winning teachers on Teachers Day' …

Thanks to Narasimha Rao, Manmohan Singh: Former CEA on India overtaking UK
2 years, 4 months ago

Thanks to Narasimha Rao, Manmohan Singh: Former CEA on India overtaking UK

Live Mint  

If anyone gets credit for India overtaking UK’s GDP, it’s Narasimha Rao and Manmohan Singh, said Kaushik Basu, who served as the Chief Economic Adviser to Manmohan Singh between 2009 and 2012. “If anyone gets credit for India overtaking UK’s GDP, it’s Narasimha Rao & Manmohan Singh’s govts. Basu also goes on to say that, 10 years ago, it was …

DC Edit | Growth: India must aim higher
2 years, 4 months ago

DC Edit | Growth: India must aim higher

Deccan Chronicle  

India has finally overtaken its erstwhile colonial master, the United Kingdom, in terms of the size of the economy — the first time after nearly 150 years. In October 2016, India’s GDP was $2.29 trillion compared to $2.34 trillion of the Brexit-mauled UK economy — a difference of just $50 billion — which was expected to be erased by 2017. …

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report
2 years, 4 months ago

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report

News 18  

Even as India has surpassed the UK in terms of gross domestic product to become the fifth largest economy, an SBI report now says that the Indian economy is expected to become the third largest in the world by 2029, overtaking Germany and Japan as well. The share of India’s GDP is now at 3.5 per cent, as against 2.6 …

India set to become 3rd largest economy by 2030, say experts
2 years, 4 months ago

India set to become 3rd largest economy by 2030, say experts

India TV News  

Highlights India overtook the United Kingdom as the fifth largest economy in the world Now, experts suggest that by 2030 India will become the third largest economy globally This is 2nd time India has beaten the UK in terms of economy, with the first one being in 2019 Indian economy news : After India overtook the United Kingdom as the …

India to be 2nd biggest economy in world by 2047: Commerce secretary
2 years, 4 months ago

India to be 2nd biggest economy in world by 2047: Commerce secretary

Live Mint  

Commerce secretary BVR Subrahmanyam said on Saturday India will become the second largest economy in the world by 2047. The commerce secretary also said India's exports grew by 17 percent year-on-year in the first five months of the current financial year. From April-August 2022-23, India's merchandise export was $192.59 billion compared to $164.44 billion in the corresponding period last year. …

India overtakes UK to become 5th largest economy in the world
2 years, 4 months ago

India overtakes UK to become 5th largest economy in the world

Deccan Chronicle  

NEW DELHI: India has overtaken the UK to become the world's fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. "Proud moment for India to pip the UK, our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK $3.2 trillion. India's GDP expanded 13.5 per cent in the April-June …

India overtakes U.K. to become fifth largest economy in the world
2 years, 4 months ago

India overtakes U.K. to become fifth largest economy in the world

The Hindu  

September 03, 2022 04:50 pm | Updated 06:10 pm IST - New Delhi: India has overtaken the U.K. to become the world's fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. "Proud moment for India to pip the U.K., our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK …

India becomes fifth-largest economy: What analysts are saying
2 years, 4 months ago

India becomes fifth-largest economy: What analysts are saying

Live Mint  

India has overtaken the UK to become the fifth-largest economy in the world. According to figures from the International Monetary Fund, India passed the United Kingdom to become the fifth-largest economy in the world in the last quarter of 2021. "Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy," Uday Kotak, Chief Executive Officer, …

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages
2 years, 4 months ago

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages

News 18  

India has leapt past the UK in the last three months of 2021 to become the fifth-biggest economy in the world, according to International Monetary Fund data. The development comes just days after government data showed that India’s GDP rose 13.5 per cent in the June 2022 quarter of the FY 23. GDP Expands in First Quarter India’s economy grew …

India leaps past UK to become world's fifth-largest economy
2 years, 4 months ago

India leaps past UK to become world's fifth-largest economy

India Today  

India surpassed Britain on Saturday to become the world’s fifth largest economy. According to GDP figures from the International Monetary Fund, the UK’s economy dropped behind India in its first quarter. The IMF's own forecasts suggest that India could potentially surpass the UK in dollar terms on an annual basis in 2022. On an adjusted basis and using the dollar …

India overtakes UK to become world\'s fifth biggest economy
2 years, 4 months ago

India overtakes UK to become world\'s fifth biggest economy

Deccan Chronicle  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign Secretary Liz Truss expected to beat former Chancellor of the Exchequer Rishi Sunak in the run-off. Overtaken The Indian economy …

India becomes the 5th largest world economy, overtakes UK
2 years, 4 months ago

India becomes the 5th largest world economy, overtakes UK

Op India  

India has overtaken the United Kingdom to become the 5th largest economy in the world, reported Bloomberg. Britain drops behind India to become the world’s sixth largest economy The former British colony jumped past the UK in the final three months of 2021 to become the fifth-biggest economy ⬇️ https://t.co/HT2xeFoIbr — Bloomberg UK September 2, 2022 “The UK’s decline down …

India beats UK to become world's fifth largest economy
2 years, 4 months ago

India beats UK to become world's fifth largest economy

India TV News  

India fifth largest economy: India overtook Britain to become the world's fifth-largest economy, reported Bloomberg. The Indian economy managed to topple the UK from its standing over the last three months of 2021. The report stated that the size of the Indian economy in 'nominal' cash terms in the March quarter was $854.7 billion while UK's stood at $816 billion. …

UK slips behind India to become world’s sixth biggest economy
2 years, 4 months ago

UK slips behind India to become world’s sixth biggest economy

Live Mint  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign …

UK slips behind India to become world’s sixth biggest economy
2 years, 4 months ago

UK slips behind India to become world’s sixth biggest economy

Hindustan Times  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign …

British economy falls behind India as recession looms
2 years, 4 months ago

British economy falls behind India as recession looms

The Telegraph  

India has overtaken the UK as the world’s fifth largest economy as Britain teeters on the brink of recession. The world’s second-most populous nation overtook the UK in the last quarter of 2021 and has since continued to increase its lead, according to an analysis of International Monetary Fund data by Bloomberg. While British growth was sluggish in the first …

Indian economy 'can touch USD 20 trillion by 2047'
2 years, 4 months ago

Indian economy 'can touch USD 20 trillion by 2047'

Firstpost  

India, which is the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation New Delhi: Economic Advisory Council to the Prime Minister Chairman Bibek Debroy on Tuesday said Indian economy’s size will touch USD 20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 …

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor
2 years, 5 months ago

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

The Hindu  

If India achieves a growth rate of 11% into the next decade, it would become the second largest economy in the world not by 2048 as projected earlier, but by 2031, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India on Saturday. Observing India’s progress in a cross-country setting, he said today, India was the world’s sixth largest economy …

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’
3 years ago

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’

The Hindu  

India is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the U.K. to rank as the world’s No.3, IHS Markit said in a report on Friday. “This rapid pace of economic expansion would result in the size of Indian GDP exceeding Japanese GDP by 2030, making …

India could be back on top as the world’s fastest growing economy this year
3 years, 10 months ago

India could be back on top as the world’s fastest growing economy this year

CNN  

London CNN Business — After plunging into recession for the first time in nearly a quarter of a century, India’s economyshouldcome roaring back to life in 2021. India’s gross domestic product is projected to expand by 12.6% during the country’s fiscal year starting in April, according toa forecast released Tuesday by the Organization for Economic Cooperation and Development. If that …

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