Britain is set to drop out of the world's five largest economies, according to the IMF. Photo: Bloomberg London: The UK's global economic power is waning as the Indian economy expands. Britain is set to drop out of the world's five largest economies based on gross domestic product in nominal terms, according to International Monetary Fund estimates published this week. India is set to leapfrog Germany to rank fourth globally by 2022, pushing the UK down to sixth place behind its European peer.
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