India becomes 5th largest economy, Twitterati reacts

Representative image

India leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. The calculation is based in US dollars, and India extended its lead in the first quarter, according to GDP figures from the International Monetary Fund. Twitterati reacted to this feat and tweeted out their feelings of awe.

Also Read : India pips UK to become fifth largest economy

Billionaire businessman, and the chairman of Mahindra Group, Anand Mahindra reacted to the news tweeting out his joy and stating how India has given a reply to those who felt that the country would descend into chaos.

The business tycoon tweeted : "The law of Karma works. News that would have filled the hearts of every Indian that fought hard & 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."

Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, Piyush Goyal expressed his joy in the form of a tweet on the momentous occasion.

The Commerce & Industry Minister tweeted: "India is the world's fifth biggest economy now!"

Cricket commentator and journalist Harsha Bhogle emphasised the role of education in helping India overcome years of colonisation.

The veteran commentator tweeted : "Bloomberg says the Indian economy is now larger than that of the UK. I know we are a bigger country with more people but to get here after the brutality and plunder of colonisation, is something to be proud of. Many factors but I believe prioritisation of education is the biggest."

The Indian economy is forecast to grow more than 7% this year. A world-beating rebound in Indian stocks this quarter has just seen their weighting rise to the second spot in the MSCI Emerging Markets Index, trailing only China’s.

Mansukh Mandaviya the Minister of Health and Family Welfare cited the mantra of 'reform, perform & transform' for the success of the Indian economy, the minister also thanked Prime Minister Modi for his 'dynamic' leadership.

The Health Minister tweeted: "India under PM @NarendraModi
Ji's dynamic leadership surpasses UK to become world’s 5th biggest economy. With the mantra of reform, perform & transform, New India is writing new pages of success & marching rapidly towards becoming an economic superpower."

Billionaire banker and the executive vice chairman and managing director of Kotak Mahindra Bank,Uday Suresh Kotak tweeted out his pride on the momentous occasion. However he also talked about a reality check by citing the difference in the per capita income between the two nations owing to India's huge population.

Also Read: Uday Kotak’s ‘reality check’ as India pips UK to become 5th largest economy
The businessman tweeted: "Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy: India $3.5trn vs UK $3.2trn.But a reality check of population denominator: India: 1.4 bn vs UK.068 bn.Hence,per capita GDP we at $2,500 vs $47,000. We have miles to go…Let’s be at it!"

The IMF’s forecasts show India overtaking the UK in dollar terms on an annual basis this year, putting India behind just the US, China, Japan and Germany. A decade ago, India ranked 11th among the largest economies, while the UK was 5th.