scorecardresearchIndia overtakes UK to become 5th largest economy in the world but GDP per capita remains lower

India overtakes UK to become 5th largest economy in the world but GDP per capita remains lower

Updated: 04 Sep 2022, 08:41 AM IST
TL;DR.
The assumption of India overtaking the UK is based on calculations by Bloomberg using the IMF database and historic exchange rates on its terminal.
The correct way to measure relative economic performance of a country at a point in time is to look at the ratio of GDP growth in that country and the world economy.

The correct way to measure relative economic performance of a country at a point in time is to look at the ratio of GDP growth in that country and the world economy.