India beats the UK to become the world’s fifth largest economy

India has surpassed the United Kingdom to become the fifth largest economy in the world. According to a Bloomberg study, using an adjusted basis and the dollar exchange rate on the last day of the relevant quarter, the Indian economy’s ‘nominal’ cash size was $854.7 billion during the quarter through March. The UK was at $814 billion, in contrast. According to the Bank of England, the UK is experiencing its greatest cost-of-living crisis, the biggest level of inflation in four decades, and a probable recession that might stretch well into 2024.