Highlights

In the first quarter of the current financial year, the GDP growth rate was 13.5 percent.
At present, the UK’s G is worth $ 3.19 lakh crore.
Even on an annual basis, China may lag behind compared to India.

New Delhi. India has become the 5th largest economy in the world, leaving Britain behind. With this, Britain has slipped to the 6th place. A decade ago, India was ranked 11th among the largest economies, while Britain was at number five. Prime Minister Narendra Modi said on Monday that the happiness of India becoming the fifth largest economy in the world overtaking Britain is special, as the country has left behind those who ruled here for 250 years.

The Prime Minister said these things while interacting with the teachers who received the National Teacher Award. He said that India is going in the right direction to strengthen its education system. The country’s new national education policy is being appreciated globally. Referring to India becoming the fifth largest economy in the world, the PM said, “Leaving behind those who ruled us for two and a half hundred years, we have moved ahead in the world economy.”

The Prime Minister said, “There was more joy in moving from sixth to fifth place than there is.” Because we have left them (Britain) behind.

Good News: India overtakes Britain to become world’s 5th largest economy

It is to be known that on Friday, India has overtaken Britain to become the fifth largest economy in the world. Now only America, China, Japan and Germany are ahead of him. Till a decade ago, India was ranked 11th in terms of major economies, while Britain was at fifth place. But due to the record expansion in the Indian economy in the April-June quarter, it has overtaken the UK and the UK has slipped to the sixth position.

Recently, India has released the official GDP figures for the first quarter of the current financial year. Statistics show that India is the fastest growing economy in the world. In the first quarter of the current financial year, the GDP growth rate was 13.5 percent, which is the highest in the last one year. At the same time, there is a possibility of a jump in India’s GDP on an annual basis as well.

For the full year, it has been reduced from 7.5% to 6.8%. Statistical adjustments have been attributed to the lower GDP forecast. However, the growth momentum is expected to pick up in the second half of the financial year.

China is not even close to India’s growth
China is not even around ahead of India’s growth. China’s growth rate for the April-June quarter has been 0.4 percent. All the estimates are telling that even on an annual basis, China may lag behind compared to India.

UK GDP of $3.19 trillion
At the same time, if we talk about Britain, then its problems may increase further in the coming times. The GDP of UK currently stands at $3.19 trillion. With an estimated growth of 7 per cent, India is likely to overtake the UK on an annualized basis this year as well. Recently, the International Monetary Fund (IMF) has said that India has overtaken Britain in terms of dollar on an annual basis this year. (with agency input)

Tags: GDP, GDP growth, India’s GDP, Indian economy, Narendra modi

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