India Becomes 5th Biggest Economy In The World By Overtake UK’s Economy. Here is 4 Important Things, You Should Know.
During Lockdown and Virus, GDP of India falls very fast. Many countries are facing inflation and economy problems. Inflation of India is low compared to big countries.
You should know these 4 facts or points to know, How India Becomes 5th Biggest Economy?
1. Aatamnirbhar Bharat
Aatamnirbhar Bharat or Self Reliable India was the best step of Indian govt. Now India is making and selling many things, Which are made in India. This movement gives big boost to Indian economy. Startup India and Digital India also played an impressive role.
2. UK Looted $45 Trillions
During the British rule, UK looted 45 Trillions from India. Yet, India surpassed UK to become the 5th largest economy in the world. UK is facing high inflation and govt problems these days. Now they are jealous from India.
3. Top Economies In The World
List of top countries by economy is now changed. Given below is the updated list.
- United States
- China
- Germany
- Japan
- India
- United Kingdom
- France
- Canada
- Italy
- Brazil
Soon, India will overtake Germany and Japan in terms of Economy. PM on India, Mr. Modi Targets for USD 5 Trillions GDP by 2025. A report also said that, India will become the 2nd biggest economy by 2050.
4. Q1 Results Of Indian GDP
India’s GDP grows 13.5% in Q1 FY22-23. Annual GDP forecasted at 7%+. GDP of Q1 FY21 was 20.1% after pandemic. India Becomes 5th Biggest Economy during last three months of 2021.
Q1 GDP Results Of Countries:
- India 13.5%
- Japan 0.50%
- China 0.40%
- Germany 0.10%
- UK -0.10%
- USA -0.60%
- Russia -4%
