For the first time in more than 100 years, India's economy has managed to surpass that of the United Kingdom, its erstwhile colonial master. A report published by Forbes states that India's economy has over taken that of the UK based on future growth prospects, something that was earlier expected to achieve only by 2020. This makes India the fifth largest GDP after USA, China, Japan and Germany. "This dramatic shift has been driven by India’s rapid economic growth over the past 25 years as well as Britain's recent woes, particularly with the Brexit," the report says. It compares India’s overtaking of the UK’s GDP with Japan's victory over Russia in 1905. "The event helped break the conception of the inability of the East to militarily defeat a western power and also highlighted the economic rise of Japan that had gradually taken place over the second half of the 19th century," the report says.

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