India overtakes UK & becomes 5th largest GDP after USA, China, Japan & Germany.
In a report published in Forbes on December 16, it was revealed that India’s Gross Domestic Product (GDP) is set to surpass that of United Kingdom for the first time in 150 years.The Forbes report said the Indian economy was expected to overtake that of UK only by 2020 but “the surpasso has been accelerated by the nearly 20% decline in the value of the pound over the last 12 months.India grows at 6 to 8% p.a. compared to UK’s growth of 1 to 2% p.a."
read more at The Indian Express
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