Poket News

India surpasses United Kingdom to become World’s 5th biggest economy 

 

  • Finance Minister Nirmala Sitharaman said, the International Monetary Fund's own forecasts show India overtaking the UK in terms on an annual basis this year. 
  • This has put India, the Asian powerhouse, just behind the US, China, Japan and Germany. 
  • Mrs Sitharaman said, a decade ago, India ranked 11th among the largest economies, while the UK was 5th. 
  • Health Minister Dr. Mansukh Mandaviya said, the country is marching rapidly towards becoming an economic superpower.