According to the latest calculations by Bloomberg, India has become the world’s fifth-largest economy after it overtook the United Kingdom in end-March 2022. This news came at a time when PM Modi, during his 2022 Independence Day speech, had urged the countrymen to resolve to become a developed country by 2047.
Key highlights of the report –
Comparison between India and the U.K. –
SBI Report on India’s economy –