The fifth largest economy in the world in India, the life of the anti -overtaking British is not good

Author:Xinmin Evening News Time:2022.09.03

India, which has been the British colony in the last three months of 2021, surpassed Britain, became the fifth largest economy in the world, and expanded its leading position in the first quarter of 2022.

The latest data show that India surpasses the United Kingdom and has become the fifth largest economy in the world. Just yesterday, the country's first domestic aircraft carrier was officially listed, and the US media said it ranked among the world's naval elites.

According to the GDP data released by the International Monetary Fund, India, which has colonized in the UK in the last three months of 2021, surpassed Britain and expanded its leading position in the first quarter of 2022.

According to Bloomberg, the Indian economy is expected to increase by more than 7%this year. The Indian stock market has shocked the world in this quarter, and its weight has risen to the second place in the emerging market index of Morgan Stanley Capital International. Analysis predict that by 2027, India's economic scale will be 20%higher than Britain. Ten years ago, India ranked 11th among the largest economies and 5th Britain.

It is predicted that by 2027, India's economy will be 20%higher than that of the United Kingdom. Picture source: Bloomberg

At the same time, India's maritime military forces have also been strengthened, and the first domestic aircraft carrier "Vikrant" was included on the 2nd. According to the United States Cable Television News Network, Indian Prime Minister Modi is quite proud of the first aircraft carrier, saying that "so far, this type of aircraft carrier is built only in developed countries. Today, India has joined this alliance and has become a developed country. further".

However, Reuters pointed out that there are still many shortcomings of new aircraft carriers. For example, the most important weapon carrier -based aircraft on the aircraft carrier have not yet deployed, and the radar system is lacking.

The first domestic aircraft carrier in India. Source: Indian Navy

India is happy here, and the British life over there is not good. The decline in the economy's ranking has given another British punch that is impacting the cost of life.

Next Monday, the British ruling party will choose the first party to replace Johnson's prime minister. Analysis speculates that the Foreign Minister Tellas is expected to defeat the former Financial Minister Sonak in the decision.

Regardless of the result, the winner will take over a country that faces the fastest inflation in 40 years, the risk of economic recession has risen, and strikes almost every day. The Bank of England said the decline may last until 2024.

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Written Wang Jiayi

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