US media: India GDP surpasses the United Kingdom and has become the fifth largest economy in the world

According to Bloomberg report on September 2nd, the latest data shows that India has surpassed Britain and has become the fifth largest economy in the world. This is undoubtedly a new blow for the British government in trouble.

According to the US media, the GDP data from various countries released by the International Monetary Fund (IMF), as the former British colonial India, successfully surpassed the United Kingdom in the last three months of 2021, became the fifth largest economy in the world, and India's leading in The advantage was further expanded in the first three months of 2022.

IMF data shows that after correction, India's nominal GDP in the first three months of 2022 was US $ 854.7 billion, while British data was $ 816 billion in the same period. In the second quarter of 2022, British GDP appeared by 0.1%, which will further expand the gap between the two sides. At the same time, the performance of the British pound against the Indian rupee is not as good as the US dollar. Since the beginning of this year, the exchange rate of the pound against India and India has fallen by 8%.

IMF predicts that the GDP scale of India will still exceed Britain in 2022, second only to the United States, China, Japan, and Germany. According to analysis, India's economic scale will be about 20%larger than Britain in 2027.

According to reports, the British Conservative Party will select new leaders to replace Johnson's Prime Minister's position on September 5, and the decline in Britain's economic ranking is undoubtedly bad for the new Prime Minister. At present, the outside world is expected to defeat the former Financial Minister Sonak in the final election. The winner will take over a country where the risk of inflation and economic recession has been rising in the past 40 years. The Bank of England previously analyzed that Britain's economic recession may last until 2024.

(Source: Surging News)

【Edit: Wang Yujin】

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