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Failing Indian Economy – Rank 5 to 7
August 3 , 2019
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- India has slipped down to the 7th place in the global GDP rankings of 2018, reveals data compiled by the World Bank.
- According to the 2018 data, the UK and France once again moved ahead of India to reclaim their 5th and 6th spots respectively in the global GDP rankings.
- The United States continues to top the list with a GDP of $20.5 trillion, followed by China at second place with GDP of $13.6 trillion and Japan at third place with a GDP of $5 trillion.
- India recorded a GDP of $2.73 trillion in 2018.
- The present government aims to make India a $ 5 trillion economy by 2025.
- According to economists, India has slipped to the 7th place in Global GDP ranking due to currency fluctuations and a slowdown in economic growth.
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