INDIA SURPASSES UK TO BECOME WORLD'S 5TH LARGEST ECONOMY

-

INDIA IS NOW THE WORLD'S LARGEST 5TH ECONOMY

Huge blow for Britain as it falls behind India to become the world's 6th largest economy. India emerges as the world's 5th largest economy-forecast to grow at 7% this year. Indian economy toppled the UK from its position in the last 3 months of 2021. Indian economy performs better despite pandemic recovery and fear of a global slowdown. Bloomberg: the size of the Indian economy in 'Nominal' cash terms in the quarter through march stood at $854.7 MN, while the UK was at 819 MN.

The IMF too had projected that India will overtake the UK this year as it is struggling with high energy prices and rising consumer inflation.  Just a decade ago, The Asian powerhouse was at the 11th position, Uk was at the 5th spot. This comes just days after Moody's projected 7.7% India growth rate for 2022. At 13.5%, India's GDP grew at its fastest in a year in the April-June quarter.

Location: India

Comments

Post a Comment

Popular posts from this blog

GLASS ELECTRODE

-
Image
 GLASS ELECTRODE It is a secondary reference electrode that produces a constant and reproducible electrode potential. It is an ion-selective electrode used with other reference electrodes to generate a potential difference. Construction It is made up of a special glass of relatively low melting point and high electrical conductivity, in the form of a sealed glass tube filled with 0.1M HCl, a platinum wire is inserted into it, to make electrical contact. The glass electrode is represented as Pt| 0.1M HCl | Glass | H+    The H+ ion concentration inside the electrode is constant. When the electrode is immersed into a solution of unknown H+, it becomes sensitive to the outside concentration in the solution. Such a sensitivity arises because of the difference between the H+ ion concentration inside and outside.       The electrode potential of the glass rod is : EG = EG0 + 0.0591 log [ H+ ]     EG = EG0 - 0.0591 pH  The glass electrode i...
Read more

CHROMATOGRAPHY

-
Image
CHROMATOGRAPHY  It is a method used for the separation, purification, and identification of a mixture of substances. It is useful when components of a mixture have similar physical and chemical properties and hence cannot be separated by other methods. Principle: It is based on the distribution of the components in a mixture between a stationary and a mobile phase. The stationary phase may be a column of adsorbent, a paper, a thin layer of adsorbent through which the mobile phase moves on. The mobile phase may be a liquid or gas. The principle of chromatographic separation is always adsorption (absorption of a constituent on the surface of the solid stationary phase) or partition (distribution of a constituent in between two liquid stationary phases). THEORY OF CHROMATOGRAPHY The separation takes place due to the differential migration of components which depends on the relative affinity towards the stationary and mobile phases.  The component which is less strongly held by th...
Read more

THIN LAYER CHROMATOGRAPHY

-
Image
 THIN LAYER CHROMATOGRAPHY It is a chromatographic separation method used to separate mixtures, to check the purity of a mixture, and to monitor the progress of the reaction. Procedure A glass plate coated with a material of the adsorbent will constitute the stationary phase. The material is made into a slurry or a paste and the glass plate is coated with it by a thin layer applicator and dried. This glass plate with a thin layer of stationary phase is called chromatoplate. The mixture to be separated is applied to one end of the plate and it is placed in the solvent. When the solvent reaches near the top, it is removed and dried. If the components are colored the spots can be readily located. If the components are colorless the dried plate is sprayed with a suitable reagent to make the spot colored. In this way, the position of the components is located and their Rf values are determined. Rf value is the ratio of the distance traveled by a component to the distance traveled by the...
Read more