India overtakes the UK in GDP terms

[DimPrawn]

Isn't this down to currency fluctuation ? I think they will eventually take over UK in few years time, but this particular overtake has been down to £/$ fluctuation.

Also, what a poorly designed website for what seems to be a leading newspaper in the country.

Are you questioning the great IT skills of India? $5 hr Java coders, how many do you want on the team?

[BrilloPad]

Isn't this down to fluctuation ?

Fluc to you Asians? Fluc to the Europeans more like.

[northernladyuk]

How did you know about my size? The legend clearly lives on.

Yes, the girls know to charge the lard arses double.

[d000hg]

There's a billion of them, that they're on a par with us is amazing and it was only a matter of time.

[darmstadt]

Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit

[tomtomagain]

It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

[vetran]

There's a billion of them, that they're on a par with us is amazing and it was only a matter of time.

It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

good point well made.

[tomtomagain]

Does this mean that the UK will stop sending aid money to India and that India will start sending aid money to the UK after Brexit

No.

It means that the combined economic output of a seventh of world's population is level with the UK.

Grinding poverty and corruption will mean that aid money flows into India for many years to come.

[sasguru]

It is amazing really that a country with a population of 1.25B has only just drawn level with a country with a population of 65M.

Just show's you how unequal the world is. The average Indian has 1/20th the wealth of the average UK citizen.

It will be a long, long time before that gap is closed.

Jeez, learn some history FFS.

The UK's wealth is in large part built on looting India for centuries.
When Britain took over, the states that comprised current day India accounted for 25% of wolrd GDP, when Britain left that area accounted for 3% of GDP.
Before British rule the area was prosperous enough that no one starved.
During Britiish rule, in the 40s, there was a famine that killed > 3 million people.
There has been an amazing turnaround by India considering they just liberalised the economy in 1991.

[sasguru]

It will be a long, long time before that gap is closed.

Wrong. Do you understand compounding growth rates?
A 7-8% compound growth rate is exponential in pattern, not linear.
India's growth started rocketing only in 1991 when the economy was liberalised.
There is already a sub-population in India that is the size of a large European country that has a similar standard of living.