For the first time ever in 150 years, India's GDP surpassed that of United Kingdom. Thanks to the country's economic growth in the past 25 years & drop in the value of pound!
Actually, Centre for Economics and Business Research (CEBR) predicted India would cross UK's GDP by 2020. In the past one year, Pound declined by 20 percent due to Brexit-related issues. This development eventually speeden up the whole process.
UK's GDP of GBP 1.87 Trillion converts to $2.29 Trillion at exchange rate of GBP 0.81 per $1.
India's GDP of GBP Rs 153 Trillion converts to $2.30 Trillion at exchange rate of Rs 66.6 per $1.
By 2020, This gap would get widen as a growth of 6-8 percent is expected in India Whereas, It's just 1-2 percent in Britain.
Right now, India is the 5th largest GDP after USA, China, Japan and Germany.
Actually, Centre for Economics and Business Research (CEBR) predicted India would cross UK's GDP by 2020. In the past one year, Pound declined by 20 percent due to Brexit-related issues. This development eventually speeden up the whole process.
UK's GDP of GBP 1.87 Trillion converts to $2.29 Trillion at exchange rate of GBP 0.81 per $1.
India's GDP of GBP Rs 153 Trillion converts to $2.30 Trillion at exchange rate of Rs 66.6 per $1.
By 2020, This gap would get widen as a growth of 6-8 percent is expected in India Whereas, It's just 1-2 percent in Britain.
Right now, India is the 5th largest GDP after USA, China, Japan and Germany.