Posted on 09/16/2022 9:09:26 PM PDT by SeekAndFind
India has overtaken the United Kingdom’s spot as the world’s fifth-largest economy, according to GDP figures from the International Monetary Fund.
According to the calculation, based on US dollars, India overtook the U.K. in the final three months of 2021 and extended its lead into the first quarter.
Indiana business tycoon and Mahindra Group chairman applauded the news, saying it would have "filled the hearts" of every Indian who fought to win independence from their former colonial overlords.
"The law of karma works," Mahindra tweeted Friday. "News that would have filled the hearts of every Indian that fought hard and sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude."
Nirmala Sitharaman, Minister of Finance and Corporate Affairs noted that a decade ago, India ranked 11th among the largest economies, while the U.K. was the 5th.
The news came just after the country celebrated its 75th anniversary of independence from the U.K., which it achieved after nearly 100 years of direct rule.
Meanwhile, U.K.'s demotion to sixth place comes at a tumultuous time for the country, both economically and politically.
(Excerpt) Read more at foxbusiness.com ...
Country of 1.4 billion has same economy as tiny island nation of 60 million. Something to be proud of.
If they hadn’t been run by socialists they’d have gone by 30 years ago.
British rule was a great blessing on their country, if it had never happened they would never be where they are today.
Yep. Big fans of USSR and socialism. They also still have a caste system but nobody’s supposed to talk about that.
Good point. They’d be one giant 2 billion person blob of poverty comprised of India, Pakistan and Bangladesh.
More like the war of population and growth, but yeah, I understand what they trying to indicate with the ‘karma’ mention.
Bizarrely, the new economic giant that is India has 300 million citizens — more than four times the population of formerly great Britain — who live on less than $1 USD a day.
They call themselves a Socialist Democracy but they obviously aren’t sharing the wealth.
You beat me to that, but Britain has a population of 70 million, not 60 million.
1.4 Billion actually.
Have you been to Britain? They have a case system and don’t talk about it too.
Case=caste.
Would they be in this position but for British institutional reforms?
Britain is a fraction of India’s size and population as well.
“Country of 1.4 billion has same economy as tiny island nation of 60 million. Something to be proud of.”
The Brits massacred Indians and looted India, so rising economically is quite an achievement.
“Crap everywhere”
India #1
San Francisco #2
Every protégé has to “kill off” their Svengali.
Good day to eat at an Indian restaurant and then sit in a British pub farting - LoL!
That is taken out of context, which is the concluding part of the sentence.
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