India is World’s New 5th Largest Economy, UK Dropped Behind

India steals the spot from the UK as it becomes the world’s 5th largest economy. Recently, a report from Bloombergcited GDP (Gross Domestic Product) from IMF (International Monetary Fund) which showed that India surpasses the UK.

This is the 2nd time in its history that India has beaten the UK.

According to IMF, back in 2019, India’s nominal GDP was 2.9 lakh crore dollars, and had become the 5th largest economy. And with GDP 2.8 lakh crore dollars, Britain was in 6th position.

Fall of UK and Rise of Indian Economy

Also Read: Fake Google Translate App Mining Crypto, Hacking Thousands of Windows Users: Reports

Top 4 Economies in the World in 2022

1. US ranked at the 1st position with nominal GDP of $21.48 trillion.
2. China is 2nd with nominal GDP of $14.17 trillion.
3. Japan is at 3rd position with $ 5.22 trillion.
4. Germany is at 4th position with $4.12 trillion.

Law of Karma Tweets Mahindra

On 3rd September Anand Mahindra, the chairman of the Mahindra group said the law of karma works, as India surpasses the UK and becomes the world’s 5th largest economy.

He shared his joy via Twitter. It reads:

“The law of Karma works. News that would have filled the hearts of every Indian that fought hard & sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude."