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. The report came just two days after the government made public the GDP data for the first quarter, which stated the Indian economy grew at a rate of 13.5 per cent on a year-on-year basis.

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