Categories: FinanceIndiaWorld

Another feather in the crown: India now  world’s fifth biggest economy

The most awaited news has broken the ice. India has soared to become the numero 5 in the world as one of the top five economies.

India has lagged behind Britain to become the world’s fifth biggest economy. On the other hand UK has dropped behind India becoming the sixth largest economy in the global ranking.

The United Kingdom delivers another blow to the government in the capital grappling with a brutal cost-of-living shock now. This elevation is just after India’s tycoon Gautam Adani became the world number three in the individual financial business ranking.

Two hundred years of British colonialism is no more a history since the once slave India has leaped past Britain in the final three months of 2021 towards proceeding to becoming the fifth-biggest economy.

In the global economy ranking the calculation is done in US dollars, where India raised its in the first quarter in accordance with the GDP figures release by the International Monetary Fund.

Parijat Tripathi

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