Economy

India becomes world’s sixth largest economy

India

New Delhi: Updated World Bank figures for 2017 place India as the world’s sixth-biggest economy, pushing France into seventh place.

After several quarters of slow down, which blamed some economic policies persuaded by the NDA government, India’s economy rebounded strongly from July 2017.

By the end of last year, India’s GDP amounted to $2.597 trillion against $2.582 trillion for France.

Further, with around 1.34 billion inhabitants, India is poised to become the world’s most populous nation, whereas the French population stands at 67 million.

This means that India’s per capita GDP continues to amount to just a fraction of that of France which is still roughly 20 times higher, according to World Bank figures.

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