Britain is struggling with a depreciating pound sterling after the Brexit. On the other hand, India is rapidly growing since the time when it adopted economic liberalization back in 1991. These two countries have swapped positions in the global economic rankings.
It is impressive that India has a strong economy that her colonial master in terms of Gross Domestic Product (GDP). The journey has taken 150 years. India is now the 5th richest world economy. According to an article by Mashable, it is surpassed by U.S, China, Japan as well Germany.
This news was declared on social media by India’s Minister of Home Affairs. This was a happy moment for the Indian content.
It was noted that Britain slipped and was surpassed by France in the global economy.
IMF further predicts that the economy of India may surpass that of Germany and Japan combined by 2019.