India has overtook UK to become the fifth biggest economy in the world. Furthermore, the IMF has predicted that this will become the new normal, with India set to overtake the UK up until 2027, becoming the fourth-largest economy in the world while the UK falls to sixth.
India’s GDP was ranked eleventh in the world a mere ten years earlier.
The Indian economy has already surpassed that of the United Kingdom in size, ranking it as the fifth largest, as Statista’s Martin Armstrong illustrates in the graphic below, with a 7 percent growth predicted for 2022.
According to the International Monetary Fund’s most recent statistics, such is the case.
You will find more infographics at Statista
India’s growth coincides with a period of rapid inflation in the United Kingdom, resulting in a cost-of-living issue and the likelihood of a recession, which the Bank of England estimates would persist through 2024.
This circumstance, combined with a contentious political era and the ongoing effects of Brexit, caused Indian output to surpass that of the UK in the fourth quarter of 2021, with the first quarter of 2022 presenting no change in the rankings.
Looking down the road, the IMF predicts that this will become the new normal, with India set to overtake the UK up until 2027, becoming the fourth-largest economy in the world while the UK falls to sixth.
5 Responses
Congratulations to Indian people ! God job. All the best from Rio, Brazil.
I have at least 1/4 British ancestry, but I also had the privilege of studying math & stat at the University of Pittsburgh with some extremely capable Indians. India’s success is no fluke. It has good leadership, some gifted scientists, and a workforce which improves continually. The British called it “the jewel in the crown”, and only fractious politics kept it from reaching prominence much earlier.
“ has overtook “ ?? Has OVERTAKEN – please write correct English.
Dear Ciaran M – – India is bi-lingual w (i had to look this up) some 22 regional languages … so there are frequent misspellings re tense of verbs . i tend to look at content as one does when speaking w someone w say a foreign accent etc. – overall this Indian site does superbly well on a broad spectrum of world and domestic policies / politics , imho ….. ….. shalom
Unlike UK, could it have anything to do with the Indian government NOT being at odds with its citizens?