Tag: ranking

  • India beats UK to become fifth-largest economy in the world

    India beats UK to become fifth-largest economy in the world

    India has surpassed the United Kingdom to take over as the world’s fifth-largest economy. The country was ranked as having the fifth-largest economy after outperforming England in the first three months of 2021.

    The UK has moved up to the sixth spot from where it was rated during the 2019 fiscal year. According to a survey by Bloomberg, the US economy was worth USD 854.7 million in ‘nominal’ cash terms in the quarter ending in March, compared to USD 816 million for the UK.

    According to reports, the mark was calculated using an adjusted basis and the dollar exchange rate on the last day of the relevant quarter.

    The update was released two days after the government published the first-quarter GDP figures.

    According to statistics, the Indian economy is expanding by 13.5 per cent annually. Despite the fact that this figure was lower than the RBI’s prediction, the rate is reported to be the highest among emerging nations.

    This fiscal year, India is expected to grow at a rate of about 7 per cent.

  • Pakistani passport fourth weakest in world; only stronger than Syria, Iraq and Afghanistan

    Pakistani passport fourth weakest in world; only stronger than Syria, Iraq and Afghanistan

    Pakistan has ranked as the fourth weakest passport in the world, only stronger than war-torn Syria, Afghanistan and Iraq, on the Henley Passport Index.

    The Henley Passport Index assesses the travel documents based on how many countries citizens can access without a visa, using information from the International Air Transport Association.

    It does not take into account any temporary pandemic-related travel restrictions.

    Based on the index, Japan is the most powerful passport with access to 193 countries, Singapore has come second with access to 192 countries. Germany and South Korea share the third place with each giving access to 191 destinations.

    Despite a military coup, Myanmar has secured the 94th spot in the index with access to 47 destinations whereas India and Bangladesh stand at the 84th and 100th ranks, respectively.

    China and the United Arab Emirates (UAE) have climbed from the 90th position to 68th, and 65th position to 15th, respectively.

    European Union (EU) countries make the majority of countries ranked on the top 10 list of the Henley Passport Index. The report reveals that the United Kingdom (UK) and the United States (US) have dropped down to seventh place, together with Switzerland, Belgium, and New Zealand.

    Among other countries, the passports of which are ranked among the most powerful are Italy, Finland, Luxembourg, France, Spain, Netherlands, Ireland, Sweden, Malta, Greece, and Norway.

    The gap between Japan that holds first place and Afghanistan’s access to other countries is 167.