By Bradford Betz FOXBusiness 9/4/2022
India overtakes former colonial ruler UK to become 5th largest world economy: 'law of Karma works'
India overtook the UK has the world's fifth largest economy in the final three months of 2021, according to the IMFIndia has overtaken the United Kingdom’s spot as the world’s fifth-largest economy, according to GDP figures from the International Monetary Fund.
According to the calculation, based on US dollars, India overtook the U.K. in the final three months of 2021 and extended its lead into the first quarter.
Indiana business tycoon and Mahindra Group chairman applauded the news, saying it would have "filled the hearts" of every Indian who fought to win independence from their former colonial overlords.
"The law of karma works," Mahindra tweeted Friday. "News that would have filled the hearts of every Indian that fought hard and sacrificed much for freedom. And a silent but strong reply to those who thought India would descend into chaos. A time for silent reflection, gratitude."
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