Per the World Bank‘s updated data for 2017, India edged past France to become the world’s sixth-largest economy. India’s gross domestic product stood at $2.597 trillion at the end of last year while the French economy was valued at $2.582 trillion.
The U.S. remains the world’s largest economy with a GDP of $19.4 trillion, followed by China ($12.2 trillion), Japan ($4.9 trillion), Germany ($3.7 trillion) and the United Kingdom ($2.6 trillion). The World Bank also noted India’s robust performance in the manufacturing sector driven by increased consumer spending.
London-based consultancy, the Center for Economics and Business Research’s 2018 World Economic League Table predicted that the Indian economy will also overtake the U.K., in real terms in 2018, and by 2032, India will emerge as the world’s third largest economy.
