Indian Economy: How did India become the 5th largest economy in the world? , business – Times of India Videos

As India is completing 75 years of its independence, a new script is being written on the economic front. A tripartite foundation of a strong political will to take tough decisions for better, quicker implementation of fiscal objectives and a science and technology based development model has propelled India to the prestigious ‘top-five’ economies of the world. India has recently overtaken the United Kingdom to become the fifth largest economy. The country’s nominal GDP in the first quarter stood at over USD 854 billion as against USD 816 billion for the United Kingdom in the same period.