India overtakes the UK to become the fifth-largest economy in the world

India overtook Britain on Saturday to become the world's fifth-largest economy. In the first quarter, the UK economy behind India in terms of GDP, according to data from the International Monetary Fund (IMF). Ten years ago, the UK had the fifth-largest GDP, while India had the twelfth-largest.

Just before the UK is poised to choose a new Prime Minister, the rankings have altered. Reports claim that the UK's declining ranking ....