India's economy surpasses United Kingdom, France to become world's 5th largest

by Laura Mize · Feb 18th, 2020 1:09 pm

India's 2019 GDP of 2.94 trillion U.S. dollars eclipsed that of France, at 2.71 trillion USD, and of the United Kingdom, at 2.83 trillion USD, according to a report from World Population Review.

The rise makes India's economy the fifth largest in the world, the report shows. World Population Review is a think tank in the United States.

Despite ascending to fifth place globally, India's GDP is growing slower than in previous years. The report predicts five percent GDP growth in 2020, down from 7.5 percent last year.

It also credits the acceleration of India's economy to open market reforms that began in the 1990s.


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