According to the World Bank figures for 2017 India has become the world’s sixth-biggest economy.
India jumped to the sixth place edging past France in gross domestic product terms.
India’s GDP touched 2.597 trillion dollars in 2017 while France’s GDP was at 2.582 trillion in the same period.
With a GDP of $19.39 trillion, the US remains the world’s largest economy, followed by China ($12.23 trillion), Japan ($4.87 trillion), Germany ($3.67 trillion) and the United Kingdom ($2.62 trillion).
As per the Union Minister for Commerce and Industry Suresh Prabhu, its a result of many structural, sectoral, socio-economic reforms.
According to the Minister, India is on track to be economy of 5 trillion dollars in next few years and 10 trillion dollars in about 16 years.