NEW DELHI: Owing to Britain's recent Brexit-related problems and thanks to India's rapid economic growth, India has managed to overtake its erstwhile colonial master United Kingdom in terms of the size of the economy - the first time after nearly 150 years.
This dramatic shift has been driven by India's rapid economic growth over the past 25 years as well downslide in the value of the pound over the last 12 months, a report published in Forbes magazine said.
"Once expected to overtake the UK GDP in 2020, the surpasso has been accelerated by the nearly 20 per cent decline in the value of the pound over the last 12 months, consequently UK's 2016 GDP of GBP 1.87 trillion converts to $2.29 trillion at exchange rate of GBP 0.81 per $1, whereas India's GDP of INR 153 trillion converts to $2.30 trillion at exchange rate of INR 66.6 per $1," the report said.
Interestingly, economic think-tank Centre for Economics and Business Research (CEBR) had, in December 2011, forecasted that India would become the "fifth largest by 2020" but India has crossed this significant milestone much sooner.
Union Minister of State for Home Affairs Kiren Rijiju while celebrating India's landmark, said, "India overtakes UK & becomes 5th largest GDP after USA, China, Japan & Germany."
印度内政部国务部长基伦 里吉朱（Kiren Rijiju）当天在个人Twitter上发表推文称，印度已经超越英国，成为继美国、中国、日本和德国之后，GDP全球排名第5位的国家。基伦称，虽然印度的人口基数较大，但这仍是巨大的进步。
2 days ago
UK is just Equal to one Sate like Maharashtra in Size ...Still It took 150 yrs to match them .. Had we not been Ruled by Corrupt Congress , we could have achieved this 20yrs back...
bahadvg - Mangalore - 2 days ago
Actually, SMALLER than that state if I''m not wrong.
Bala Srinivasan - 1 day ago
i''m an american. we,too, were attacked by brits, but we were strong enough to fight them off in just a few years and that on land that was foreign, and on which we converted into the most powerful country on earth.
you love to make excuses for failure. very sad
Deadmau5 Patton - saginaw USA - 1 day ago
You are entitled to your opinion Mr.Patton.May be you may not be aware of INDIAN HISTORY which is 10K yrs as opposed to american 500yrs old.Having survived that long&gone thru several CYCLES of Glory&defeat Indians develop certain "EQUANIMITY"
to the cycles of life which you seem to think as "EXCUSES".
King of India
bahadvg - Lexington - 2 days ago
past is past, now we should aim to surpass china at the earliest, that should be the goal for BJP in next 7-10 years.
King of India - 2 days ago
China is 5 times our economy. It won''t be possible to overtake them in 7-10 years it will take atleast 25 years with the current inflation and exchange rates
bahadvg - 2 days ago
It happened because of Brexit ... Not because of India''s Growth !!
bahadvg - India - 1 day ago
Congrats!! But no credit to BJP for that. This does not happen in just two years.But is the fruit of years of sensible ruling by all previous governments!
Born In January
Vande Matram - A Place Called Hell - 2 days ago
let''s wait bro until 2020 and beyond... let''s give 2 more terms to Modi and BJP... you will see the outcomes then... just wait and watch... it is just the beginning....