Date: 2018-04-20 03:08:41
According to the International Monetary Fund's World Economic Outlook (WEO), India has become the 6th largest growing economy in the world, our economy clocked in at $2.6 trillion. We supersede France to become the 6th largest economy. In 2017, India's growth rate was 6.7%, now in 2018 the growth rate is 7.4%, and we expect to have 7.8% growth rate in 2019.
United States, China, Japan, Germany and United Kingdom are ahead of India, Currently, they are the top 5 largest economies in the world.
According to the respective reports and projections done by both, World Bank and IMF. They said that India has finally overcome the after-effects of demonetization, No matter how undisciplined it was.
Not only this, they also added that: "India economy not only have recovered but also hold a strong position to catapult South Asia to the top the chart as the world's fastest growing region, Again."
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