At a time when people are talking about slowdown in the Indian economy due to demonetization, the most significant achievement in India’s economic history has come. What the Modi Government has done in the last two years has given Indians multiple reasons to rejoice over and here’s one big one.
The Great Britain can not imagine in their wildest of dreams that the country they ruled for 200 years will leave them behind in the race in such style. For more then 100 years this has happened for the first time in Indian history.
The Indian economy achieved this milestone owing to rapid economic growth in the country for over 25 years as well as decline in United Kingdom’s economy following Brexit. For the first time in over 100 years the Indian economy is larger then the UK’s economy.
It was expected that India will take over UK’s Gross domestic product (GDP) in 2020, but due to India’s great progress, it has been achieved in 2016.