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India is the fifth largest economy in the world

India is the fifth largest economy in the world
India is the fifth largest economy in the world

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. And Britain’s position is sixth.

According to the report, the size of the Indian economy in the March quarter of 2022 was 854.7 billion US dollars. At that time, the size of Britain’s economy was 816 billion US dollars. The calculation is done using the dollar exchange rate on the last day of the quarter.

If India’s economy develops at the current rate, the difference between Britain and India’s economy may increase in the next few years, according to Bloomberg.

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 had the highest GDP growth rate among developing countries.

A decade ago, India was ranked 11th. India’s position is in fifth place after many uphill climbs.

Indian Prime Minister Narendra Modi has urged India to be determined to become a developed nation by 2047. Meanwhile, Bloomberg’s new report was published.

(Dhakatimes/September 3/RR)


The article is in Bengali

Tags: India largest economy world

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