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Kacharagadla  •  IB Review

India's Economy Surpasses That Of Great Britain

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Britain's Prime Minister Theresa May stands amidst Hindu priests after offering prayers to the Hindu deity Lord Shiva during a visit to Someshwara Temple in Bangalore on November 8, 2016. (MANJUNATH KIRAN/AFP/Getty Images) As Theresa May returned home from her unsuccessful visit to India, she would bear witness to another relegation for the UK: India’s economy will be larger than the UK’s, for the first time in more than 100 years. This dramatic shift has been driven by India’s rapid economic growth over the past 25 years as well as Britain's recent woes, particularly with the Brexit. Once expected to overtake the UK GDP in 2020, the  surpasso  has been accelerated by the nearly 20% decline in the value of the pound over the last 12 months, consequently UK’s 2016 GDP of GBP 1.87 trillion converts to $2.29 trillion at exchange rate of ~GBP 0.81 per $1, whereas India’s GDP of INR 153 trillion converts to $2.30 trillion at exchange rate of ~INR 66.6 per $1. Furthermore, ...