1947 Rise ☀️: 211
India’s century, India overtakes the UK to become fifth-largest economy.
1. It’s not India’s decade, it’s India’s century, says McKinsey’s Bob Sternfels
India will be the world’s future talent factory as it will have 20% of the globe’s working population by 2047, said Bob Sternfels, CEO, McKinsey & Co. The firm’s 13th global leader added that it will not only be India’s decade, but India’s century, with all key elements in place:
A large working population
multinational companies reimagining global supply chains,
and a country leapfrogging at digital scale-to achieve something special not just for the Indian economy, but potentially for the world.
It's not India's decade, it's India's century, says McKinsey's Bob Sternfels
2. India overtakes UK to become fifth-largest economy — Mint
India has overtaken the UK to become the fifth-largest economy in the world. Economists and business executives anticipated that India’s position would continue to improve in the years to come due to greater economic growth.
According to figures from the International Monetary Fund (IMF), India passed the United Kingdom (UK) to become the fifth-largest economy in the world in the last quarter of 2021. India’s economy currently ranks just four nations ahead of it in terms of size in dollars. The United States, China, Japan, and Germany are the only nations with economies larger than India’s. The UK is currently in sixth place, just behind India.
India becomes fifth-largest economy: What analysts are saying
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