India becomes sixth largest economy in the world, overtakes France

The country’s economy grew at a seven-quarter high of 7.7 per cent in the three months ended March 2018, helped by higher government spending and investment.

India is also expected to surpass the fifth largest economy, the United Kingdom, in the near future. (Representational)

India has become the world’s sixth largest economy, surpassing France, according to a World Bank report. According to the data, India’s Gross Domestic Product (GDP) amounted to USD 2.59 trillion, as against France’s USD 2.58 trillion. The country’s economy grew at a seven-quarter high of 7.7 per cent in the three months ended March 2018, helped by higher government spending and investment.

India has doubled its GDP within a decade and is expected to power ahead as a key economic engine in Asia, even as China slows down. The country is also expected to surpass the fifth largest economy, the United Kingdom, in the near future. The United Kingdom, which is facing Brexit blues, had a GDP of USD 2.62 trillion in 2017, the report added.

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