According to the World Bank's data on gross domestic product (GDP) of countries for 2017, India has recorded a GDP of $2,597,491 million, followed by $2,582,501 of France
India has leapfrogged France to become the sixth largest economy, according to the World Bank.
According to the World Bank's data on gross domestic product (GDP) of countries for 2017, India has recorded a GDP of $2,597,491 million, followed by $2,582,501 of France, while the UK recorded a GDP of $2,622,434 million and is placed a notch above India.
The US has topped the list recording a GDP of $19,390,604 million, followed by China with $12,237,700 million.
Earlier, the World Bank noted that the Indian economy recovered from the effects of demonetisation and goods and services tax (GST) and predicted a growth rate of 7.3 percent for the country in 2018.
The International Monetary Fund (IMF) also stated that it expected India to re-emerge as one of the fastest growing major economies in the 2018-2019 period, projecting the country's growth rate at 7.4 percent in 2018.
Further, the international financial organisation predicted a rate of growth of 7.8 per cent for 2019.
With agency inputs
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Last Updated 12, Jul 2018, 5:18 PM