Current Affairs 21 December

Current 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.
UK GDP of 1.87 trillion pounds at an exchange rate of £ 0.81 against the dollar at $ 2.29 trillion changes.
India's GDP of 153 trillion worth Rs 66.6 against the dollar from a change of $ 2.30 trillion.
Economic think-tank Centre for Economics and Business Research (per Cebr) was forecast in December 2011. In 2020, India will become the world's fifth largest economy.
Forbs reported this difference between the UK and India is expected to grow. India is growing at a rate of 6-8 percent annually, while the growth rate of the UK by 2020 is estimated to be between 1-2 percent.

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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