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Question

What is India's current position in terms of the size of its economy?
  • 2nd
  • 4th
  • 5th
  • 6th
Answer- C
According to Bloomberg, India has now overtaken Britain to become the world's fifth largest economy. The shift in rankings has pushed the United Kingdom to the sixth position, as the country struggles with high living costs.

It is predicted that the Indian economy will grow by over 7% this year. In terms of cash value, adjusting for currency fluctuations and using the dollar exchange rate on the last day of the relevant quarter, the Indian economy was valued at USD 845.7 billion in the quarter ending in March. In comparison, the UK's economy was valued at USD 816 billion on the same basis, as per the report.