India has surpassed Britain to become the 6th largest economy of the World ? Compare the fundamentals and strength of the economic system of both countries and list down India's advantages and disadvantages vis a vis Britain.
Indian becomes world’s sixth largest economy since the rapid growth of economy in the last 25 years.
After exit from European Union Britain currency and economy struggled.
Indian economy benefited through price slump in global commodities and lower inflation than expected.
IMF predict the Indian economy will grow 7.6 percent, however UK around 1.1 percent in the next year.
Availability of workforce in India Comparatively higher than UK
India is the fastest growing economy compare to UK. IMF predict the Indian economy will grow 7.6 percent, however UK around 1.1 percent.
Infrastructure in India is not up to the mark if there is moderate increase could lead significant improvement.
Liberalization of trade is the biggest gain for INDIA.