NEW DELHI: India has pipped Britain to become the world’s fifth largest economy. The United Kingdom (UK) slipped to 6th place delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.
The Indian economy is forecast to grow more than 7% this year. A world-beating rebound in domestic equity indices this quarter has just seen their weighting rise to the second spot in the MSCI Emerging Markets Index, trailing only China’s.
