CURRENT AFFAIRS

Detailed explanation-1: -India has overtaken the U.K. to become the world’s fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. A decade back, India was ranked 11th among the large economies while the U.K. was at the fifth position.

Detailed explanation-2: -India has recently overtaken the UK to become the fifth largest economy in the world. What is the nominal GDP of India in 2022? India’s nominal GDP in 2022 is $3.8 trillion.

Detailed explanation-3: -Now, with 7 percent growth forecast for 2022, India’s economy has overtaken the United Kingdom’s in terms of size, making it the fifth biggest. That’s according to the latest figures from the International Monetary Fund.

Detailed explanation-4: -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. The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy.

Detailed explanation-5: -New Delhi [India], September 17 (ANI): India has overtaken Britain to become the world’s fifth largest economy and as per IMF projections, only USA, China, Japan, and Germany are now ahead of India in terms of the volume of the national economy.