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India is now the fifth largest economy in the world

India is now the fifth largest economy in the world

Abroad at the beginning of September, the page reported Police storming India has now become the fifth largest economy in the world after the country overtook Britain, which is witnessing shock waves of electricity prices and inflation.

In the last quarter of 2021, India overtook Great Britain, measured in US dollars. Since then, the Indian spread has widened, while the UK economy has shrunk after adjusting the numbers for inflation.

The loss to India is a reflection of the position in which the British bourgeoisie has remained for decades, which has also led to large parts of the country's bourgeoisie demanding Brexit. The country has never been able to compete with Germany within the European Union, and it still seems to have difficulty managing the situation at the global level.

India's growth also shows that the capitalist system is dynamic and changing. The former colony was now larger than its former colonial power, and India's capitalist development meant that it could take an increasing place on the world stage. The situation is the same in many old colonies. Capitalism has taken root and developed, leaving the world characterized by many regional capitalist powers and alliances fighting against each other.

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