India becomes world’s sixth largest economy, France pushed to the seventh rank

India has become the world’s sixth-biggest economy, pushing France into seventh place, India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. India’s economy rebounded strongly from July 2017, after several quarters of slowdown blamed on economic policies pursued by Prime Minister Narendra Modi’s government. India, with around 1.34 billion inhabitants, is poised to become the world’s most populous nation, whereas the French population stands at 67 million. the International Monetary Fund, India is projected to generate growth of 7.4 percent this year and 7.8 percent in 2019, boosted by household spending and a tax reform. This compares to the world’s expected average growth of 3.9 percent.

  • India becomes world’s sixth largest economy, France pushed to the seventh rank.
  • India has become the world’s sixth-biggest economy, pushing France into seventh place.
  • India’s gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France.
  • The International Monetary Fund, India is projected to generate growth of 7.4 percent this year and 7.8 percent in 2019.download our android app