India has surpassed the UK to become the fifth-largest economy in the world. After exceeding England in the first three months of 2021, the nation was listed as having the fifth-largest economy.
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From its ranking during the 2019 fiscal year, the UK has climbed to the sixth position. According to a Bloomberg study, the US economy had a “nominal” cash value of USD 854.7 million in the March quarter compared to USD 816 million for the UK.
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The mark was reportedly determined using an adjusted basis and the dollar exchange rate on the final day of the current quarter.
