Current Affairs 21 DecemberCurrent Affairs
21 December 2016 Current Affairs
Indian economy remains the world's fifth largest economy
Forbs magazine, according to data recently released by the Indian economy has become the world's fifth largest economy. India for the first time in 150 years this feat has been achieved. In terms of the size of the UK economy is now back from India. India, the US, China, Japan and Germany to become the fifth largest GDP.
India's rapid economic Groth in the last 25 years and throughout the year due to the decline in value of the pound has changed. The reason the UK from the European Union and India's rapid growth is considered.
Forbs magazine reported by India in 2020 was estimated to exceed the GDP of the UK. In the last 12 months, approximately 20 percent decrease in value of the pound in 2016 made it.
Eight in October 2016 by the International Monetary Fund by the end of the financial year to the UK from India were expected to stay behind.
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