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India – 6th largest economy
July 12 , 2018
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- According to the report released by World Bank, India has surpassed France to become world's sixth-largest economy in terms of gross domestic product (GDP).
- India's gross domestic product (GDP) amounted to $2.597 trillion at the end of 2017, against $2.582 trillion for France.
- The United States continues to be at the top of the list, followed by China, Japan and Germany.
- Even though India beat France in terms of the gross domestic product (GDP), it's per capita income remains significantly lower than France, which is 20 times that of India.
- India is projected to grow at the rate of 7.4% in 2018 and 7.8% in 2019, as per the International Monetary Fund.
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