5th in the list of world economy overtaking Britain

5th in the list of world economy overtaking Britain
5th in the list of world economy overtaking Britain

India’s name has come to the fifth place in the list of the world’s largest economy. The country has overtaken Britain in this position.

Britain’s position is now sixth. The International Monetary Fund (IMF) publishes reports with GDP statistics of different countries. The US media published a report analyzing them Bloomberg.

In the world economy at the moment, India is after USA, China, Japan and Germany. In the last three months of 2021, India moved up 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.

The country’s economy is estimated to grow by 7 percent this year. A decade ago, India’s economy was ranked 11th. From there, India rose to the fifth position.

Bangladesh Time: 2357 hours, September 03, 2022
ZA

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The article is in Bengali

Tags: #5th list world economy overtaking Britain

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