According to the report, India’s economy escalation has been driven by Brexit. Post Brexit, the value of pound has declined by nearly 20%. India’s economy stands behind the United States, China, Japan, Germany and France.
Going by the estimated GDP growth of both the countries, India is likely to stay ahead of its former colonial ruler, United Kingdom, atleast till 2020.
The report further adds that this gap is expected to widen as India grows at 6 to 8% p.a. compared to UK’s growth of 1 to 2% p.a. until 2020, and likely beyond.
Earlier this February, India overtook China to become the fastest growing economy in the world.