India overtakes the UK as world’s fifth-largest economy

India’s economic size will be higher than UK’s in terms of performance by 2027

September 5, 2022

The Indian economy ranks behind the United States, China, Japan, and Germany in terms of size in dollars

India is growing by 7% despite the global economy undergoing a slowdown

The UK and the US have an inflation of 10% and 9% respectively while it is 6-7% in India

However, the per capita income continues to remain very low

India has become the world’s fifth-largest economy after overtaking the United Kingdom in end-March 2022, as per the latest calculations by Bloomberg using the IMF database and historic exchange rates. Currently, the Indian economy ranks behind the United States, China, Japan, and Germany in terms of size in dollars.

As per industry analysts, it is anticipated that India’s economic size will be higher than UK’s in terms of performance by 2027. Economists have also stated that India is growing by 7% despite the global economy undergoing a slowdown. The UK and the US have an inflation of 10% and 9% respectively while it is 6-7% in India, which augurs well before the festive period

While India’s economic size has overtaken the UK, the per capita income continues to remain very low. Regarding per capita income, which measures how much money is made per person in a country, India is ranked 122 out of 190 countries.

Source:
Livemint

The Hindu

Recent Articles

India’s trade deficit widens to US$28 billion in September amid gold import surge

October 14, 2025

India’s merchandise trade deficit is estimated to have widened to …

Read More

Sugar exports touch 7.75 lakh tonnes; trade body seeks early quota for new season

October 13, 2025

ndia is estimated to have exported 7.75 lakh tonnes of …

Read More

India Mobile Congress 2025: Scindia Unveils Telecom Roadmap Beyond 5G

October 9, 2025

The India Mobile Congress (IMC) 2025 opened on October 8, …

Read More