Business / Good news uk slips behind india to become world sixth biggest economy

New Delhi : Good news has come on the economic front from India's point of view. India has overtaken Britain to become the 5th largest economy in the world. With this, Britain has slipped to the 6th place. Let us tell you that a decade ago, India was ranked 11th among the largest economies, while Britain was at number five.

Shock for the new government: This is a big blow for the new government of Britain. Let us tell you that members of the Conservative Party in Britain will choose the successor of Boris Johnson. It is believed that inflation and sluggish economy will be the biggest challenge in the new government.

India's GDP figures: This news is also important because recently India has released official GDP figures for the first quarter of the current financial year. The data shows that India is the fastest growing economy in the world. In the first quarter of the current financial year, the GDP growth rate was 13.5 percent, which is the highest in the last one year. At the same time, there is a possibility of a jump in India's GDP on an annual basis as well.

China is nowhere: China is not even around ahead of India's growth. China's growth rate for the April-June quarter has been 0.4 percent. All the estimates are telling that even on an annual basis, China may lag behind compared to India. At the same time, if we talk about Britain, then its problems may increase further in the coming times. Recently, the International Monetary Fund (IMF) has said that India has overtaken Britain in terms of dollar on an annual basis this year.