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Tuesday, February 27, 2024

Anand Mahindra reacts as India overtakes UK in world’s largest economy race

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India has surpassed the United Kingdom, its erstwhile colonial master, to become the world’s fifth largest economy.

This implies that India is only second to the US, China, Japan, and Germany.

The 2nd of September 2022 proved to be a watershed moment in Indian history.

Our economy has surpassed the prior monarch, the United Kingdom, to become the world’s fifth biggest.

According to International Monetary Fund GDP estimates, India surpassed the United Kingdom in the fourth quarter of 2021.

This implies that India is only second to the United States, China, Japan, and Germany, with the United Kingdom currently ranking sixth.

A decade ago, India was placed 11th on the list, while the United Kingdom was ranked 5th.

Today, it appeared that we had taken the correct path, and how!

Many people reacted positively to the news, sharing their thoughts on social media.

Anand Mahindra, Chairman of the Mahindra Group, is one such figure.

He applauded the news and wished the country and its people well.

Here’s what Anand Mahindra had to say on Twitter: “The rule of Karma is effective.

This is news that would have warmed the hearts of every Indian who fought hard and suffered a lot for independence.

And a subtle but firm response to those who predicted India would devolve into anarchy.

A time for silence and thankfulness.”

In his tweet, he discusses the Law of ‘Karma.’

He recognized and honored those individuals who fought hard and sacrificed much for our country’s independence, reminding us of our country’s battle for freedom.

He also described India’s historic achievement as a secret response to all those who predicted that our country would collapse into chaos and darkness.

Many more brilliant minds in the country resorted to social media to share their thoughts on our country’s achievements.

Nirmala Sitharaman, Finance Minister, tweeted: “According to the IMF, India will surpass the United Kingdom in dollar terms this year, putting the Asian superpower behind only the United States, China, Japan, and Germany.

A decade ago, India was rated 11th among the world’s top economies, while the United Kingdom was placed fifth.”

Uday Kotak, CEO of Kotak Mahindra Bank, too wrote words of encouragement after providing an economic reality check.

He stated, “India has surpassed the United Kingdom, our colonial overlord, to become the world’s fifth biggest economy:

India’s GDP is $3.5 trillion, whereas the UK’s GDP is $3.2 trillion.

However, consider the population denominator: India has 1.4 billion people, whereas the United Kingdom has.068 billion.

As a result, per capita GDP is $2,500 against $47,000.

We have a long way to go…

Let’s get started!”


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