India in the IMF ranking in 2019 will replace the UK in GDP terms


The International Monetary Fund predicts that next year India will take the 5th place in the ranking of countries in terms of GDP, pushing the UK, which this year takes the position, Financial Times writes. According to IMF estimates, the UK will drop to the 7th place. Not only India, but also France will be ahead. In the UK, there is a slowdown in economic growth and a deterioration in the dynamics of exchange rates. At the same time, the fastest GDP growth among the largest economies in the world is observed in India. PwC economist, Mike Jackman, expects India to continue moving up in the list of countries in terms of GDP.

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