India becomes fifth largest Economy of world with IMF's growth forecast of more than 7% this year

India becomes fifth largest Economy of world with IMF's growth forecast of more than 7% this year

• India has leaped past the United Kingdom to become the fifth-largest economy in the world. International Monetary Fund said, India took a lead in the final three months of 2021 to become the fifth-biggest economy. According to GDP figures from IMF, India extended its lead in the first quarter. IMF said, the Indian economy is forecast to grow more than 7 per cent this year. A world-beating rebound in Indian stocks this quarter has just seen their weighting rise to the second spot in the MSCI Emerging Markets Index, trailing only China’s.
• Britain has dropped behind India to become the world's sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.

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Published date : 03 Sep 2022 05:28PM