India has overtaken the UK to become the fifth largest economy in the world. India is now behind the US, China, Japan and Germany in terms of economy. A decade ago, India was ranked 11th among the world’s largest economies, while the UK was firmly at number 5.

• In the midst of the economic crisis, India has faced the challenges better. On the other hand, Britain is bearing the brunt of its slowness. These figures are given in dollars, and it is worth noting that the Indian rupee has outperformed the UK pound against the dollar.
• According to the report, the size of the Indian economy with respect to ‘nominal’ cash stood at USD 854.7 billion during the March quarter. In contrast, the same was USD 814 billion for the UK.
• India’s currency was in a strong position against the pound in the quarter during the time period during which this calculation was done.