India becomes world's sixth largest economy

India has become the world's sixth largest economy, surpassing France into seventh place, according to updated World Bank figures for the year 2017. India's gross domestic product (GDP) amounted to $2.597 trillion at the end of last year, against $2.582 trillion for France. The World Bank has projected India's GDP growth at 7.3% in FY2018-19. In a recent update, the bank noted that growth in India is projected to accelerate to 7.3% in FY2018-19 and 7.5% on an average in 2019-20.

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