CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
As per the latest figures from the IMF (September 2022), which country is the fifth largest economy in the world?
A
Australia
B
UK
C
France
D
India
Explanation: 

Detailed explanation-1: -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-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: -Just five countries make up more than half of the world’s entire GDP in 2022: the U.S., China, Japan, India, and Germany.

Detailed explanation-4: -The 5 largest economies in the world, which include the US, China, Japan, Germany, and India, make up half the world’s GDP. The 10 largest economies in the world account for two-thirds, while the 25 largest economies represent 84% of the world’s GDP.

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