India overtakes France - becomes world's sixth-largest economy

India replaces France becomes the sixth-largest economy in the world according to the data released by the world bank on GDP of countries in the world in 2017.

Surprisingly India is now after the United Kingdom, India's GDP had a $2,597 trillion as France had $2,582 trillion, less than India's helped to gain the place.

The United Kingdom has recorded their GDP as $2,622 trillion in 2017, the US stands as No.1 at $19,390 trillion and China stands no.2 $12,237 trillion.

However, Japan and Germany stand at 3rd and 4th on the list, India's economy to grow at 7.4%  and 7.8% in 2018 and 2019 respectively. India has a faster growth rate according to the world average of 3.9%.

India's economy is strong, resilient and can sustain a growth rate, with a  back-up of a robust and strong private sector in consumption and investment, as per the statement of the world bank.

At this rate, India can overtake Japan and Germany in the next five to seven years, says the banking firm of HSBC in London.

It is predicted that China will dominate the world economy, to become world no.1 displacing the US, the further US may the strength of its economy, may come down next to India.


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