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Business News

Jul 11, 2018
8:42PM

India becomes sixth-biggest economy in World Bank Ranking

Minister for Commerce and Industry Suresh Prabhu has said that India is on track to be economy of 5 trillion dollars in next few years and 10 trillion dollars in about 16 years under the leadership of Prime Minister Narendra Modi.

Reacting to the d World Bank figures for 2017 which has said that India has become the world's sixth-biggest economy, Mr Prabhu said, its a result of many structural, sectoral, socio-economic reforms. He said, people will see more outcomes in the near future.
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. The US is the world's top economy, followed by China, Japan, Germany and UK.

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