India is the world's fifth largest economy, surpassing Britain.
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| India is the world's fifth largest economy, surpassing Britain. |
India's economy has turned around after handling the shock of Corona. The country benefited from it. India is now the fifth largest economy. India has overtaken Britain to become the fifth largest economy in the world in terms of economic strength. The International Monetary Fund (IMF) has ranked Britain sixth in the list of GDP figures for different countries.
As of the last three months of 2021, India moved from the sixth place to the fifth place, displacing Britain. According to the report, the size of the Indian economy in the March quarter was 854.7 billion dollars. At that time, the size of Britain's economy was 816 billion dollars. The calculation is done using the dollar exchange rate on the last day of the quarter.
According to the published report, the Indian economy has grown at the rate of 13.5 percent annually. Although this estimate is slightly less than the forecast of the Reserve Bank of India. India's GDP growth was the highest among developing countries.
India's economy, the world's fifth-largest economy after Britain, is projected to grow by 7 percent this year. India is currently just behind the US, China, Japan and Germany in the global economy. That is, Narendra Modi's India is in fifth place. Britain dropped to sixth place.
A decade ago, India's economy was ranked 11th. From there, India rose to the fifth position. Political tension has been going on in Britain for the past few months. Speculation is rife as to who will succeed Boris Johnson as Prime Minister, Lees Truss or Indian-origin Rishi Sunak.
Before that, the IMF published the list of the world's largest economies.Many believe that whoever is elected to the House of Representatives will have to deal with this difficult situation. Not only that, but also to pass. India overtook Britain by leaps and bounds in the last quarter of last financial year. Not only that, India's economic growth is likely to grow at a rate of 7 percent in the current financial year as well, after overcoming the impact of Covid-19.
Which country has the largest economy in the world?
According to CNBC's analysis, the world's 10 largest economies in 2020 are the United States, China, Japan, Germany, the United Kingdom, India, France, Italy, Canada and South Korea. That is, the first change is seen that India's position has gone from 5th to 6th..
What is the economy of Bangladesh?
According to CEBR, Bangladesh is now the 42nd largest economy in the world. Bangladesh will be ranked 41st in 2022, 34th in 2026 and 29th in 2031. By 2036, Bangladesh's position among 193 countries will rise many steps to become the 24th economic power.
India's position in the world economy?
India is the fifth largest economy in the world in terms of economic strength. The International Monetary Fund (IMF) publishes reports with GDP statistics of different countries. American media Bloomberg published a report analyzing them. India's position is fifth in the report.
Pakistan's position in the world economy?
According to the Economic Complexity Index, Pakistan is the world's 67th largest exporting economy and 106th most complex economy. In the fiscal year 2015-16, Pakistan's exports stood at US$ 20.811 billion and imports at US$ 44.67 billion, resulting in a negative trade balance of US$ 23.96 billion.
The position of Bangladesh in the world economy 2022?
According to CEBR, Bangladesh will become the 42nd largest economy in the world within this year. Next year i.e. 2022 will be the 41st. And if this dynamic of the economy is maintained, the position of Bangladesh will be 34th in 2026, 29th in 2031 and 24th in 2036.
