Broadly, it seems like both--India on the rise and the UK on the decline
I don't personally like an economy hollowed out to fintech and IPR, with a huge service industry of underclass workers especially in health. So, I suppose I'm harking after some industry and manufacturing. Anyway, the size of the British economy could grow, somewhat. I'd be amazed if the Indian economy shrank even relatively: China has more hollowing out to come from the property market crash.