India has overtaken the U.K. to turn out to be the world’s fifth-largest economic system and is now at the back of only the US, China, Japan and Germany, according to IMF projections.
A decade back, India was once ranked eleventh amongst the giant economies whilst the U.K. was once at the fifth position.
With document beating growth in the April-June quarter, the Indian economic system has now overtaken the U.K., which has slipped to the sixth spot.
The assumption of India overtaking the U.K. is based on calculations by way of Bloomberg using the IMF database and historical change prices on its terminal.
