Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.
London: Bitain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock.
The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund.
The UK’s decline down the international rankings is an unwelcome backdrop for the new prime minister. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign Secretary Liz Truss expected to beat former Chancellor of the Exchequer Rishi Sunak in the run-off.
The winner will take over a nation facing the fastest inflation in four decades and rising risks of a recession that the Bank of England says may last well into 2024.
By contrast, the Indian economy is forecast to grow more than 7% this year. A world-beating rebound in Indian stocks this quarter has just seen their weighting rise to the second spot in the MSCI Emerging Markets Index, trailing only China’s.
On an adjusted basis and using the dollar exchange rate on the last day of the relevant quarter, the size of the Indian economy in “nominal” cash terms in the quarter through March was $854.7 billion. On the same basis, UK was $816 billion.
The calculations were done using the IMF database and historic exchange rates on the Bloomberg terminal.
The first international concert from abroad in 2026 and the 2nd consecutive year of the monthly Carnatic Music concert series of the International Chamber, Parakkadathu Koyickal Trust, Tripunithura, Kerala, have been hosted from OHIO, U.S.A. Vocal Sangeetha Vidushi Ms. Dhivya Senthil Murugan, Violinist Ms. Medha Lalyt Iyer, and Mridangam Vidwan Sri Lalit Subramanian have accompanied on 13-02-2026 from OHIO, USA.
March 22, 2026
SRUTHI MATHAA… LAYA PITHAA… The International Chamber for Indian Music & Culture, an international initiative of Parakkadathu Koyickal Trust, Tripunithura, Kerala, has hosted the 2nd
