Economy: Gdp and India

economy: When India does achieve this level of GDP, it will be a very symbolic milestone for India as the size of its economy surpasses that of its former colonial master, according to Deutsche Welle. How has India achieved this status What measures, do you think, have contributed to the economic growth A key factor in the convergence of India's total GDP to the UK GDP level is due to India's more rapid GDP growth rate. Whether the exact year in which this occurs is 2017 or 2018 will be dependent on real GDP growth rates and exchange rates. For example, in the current fiscal year, the Indian economy is forecast to grow at 6.9 percent while the UK economy is estimated to grow at 2.1 percent. This highlights the very large gap in living standards and per capita GDP between India and the UK. Biswas 'India is still a relatively low-income economy' An important factor that has gradually improved India's economic performance has been the economic reforms and liberalization process that has occurred since 1999. Nevertheless, on a per capita household income basis, India's average per capita GDP in 2017 is projected to be 1,766 1,691 euros while the UK's per capita GDP is estimated to reach 36,000. (news.financializer.com). As reported in the news.