India has become 5th largest economy in the world
February 18, 2020
India has overtaken the UK and France and has become the fifth-largest economy in the world. As of now, the GDP of India is $2.94 trillion. The size of the UK and France’s economy is less than India’s economy.
The purchasing power parity (PPP) in terms, India’s GDP is more than Japan and Germany but truth be told, India’s GDP has gone down from 7.5% to 5% in the last three years.
India’s service sector is rapidly growing in the world, adding that manufacturing and agriculture are the two notable sectors in the economy.