Indian Economy : India became the fifth largest economy in the world

India ranks as the fifth largest economy in the world. Recently, the International Monetary Fund (IMF) released its latest report, which shows that India has overtaken Britain to the fifth position.

According to the report, due to the corona epidemic, when the economic growth of America, Britain and China is at the bottom, then the growth rate of the Indian economy is significant. The IMF expects the Indian economy to grow by more than 7 percent this year.

India’s economy is better than Britain’s if we compare GDP. Britain, the world’s fifth largest economy, has lost its place and is ranked sixth. Experts say it is remarkable that India, ruled under colonial rule for nearly two centuries, has now grown to become the fifth largest economy.

The top four countries in terms of GDP are the US, China, Japan and Germany.

The Prime Ministerial election has reached its final stage in Britain, which is in a chaotic situation due to economic problems and political environment. And the new prime minister will take over in a few days. The future economic future of Britain depends on the decision taken by the new Prime Minister.