What’s happened?
ndia has marked 75 years of independence by overtaking the former imperial power, Britain, as the world’s fifth-biggest economy. According to figures published last week by the International Monetary Fund and based on calculations in US dollars, it edged past the UK in the final quarter of 2021 and extended its lead in the first quarter of 2022. With a projected growth rate far higher than Britain’s – including 7.4% growth this year, the highest of any big economy – its GDP is expected to be a fifth larger than ours within five years. It’s
