What is the current global GDP ranking of India in 2019 ?
Indian economy slips to seventh place
The current global GDP ranking of India is 7th. India is world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).
The Indian economy has fallen to the seventh position in the global GDP, the global ranking. According to data released by the World Bank in Financial year 2018, the Indian economy ranks seventh in terms of GDP.
Britain and France jump to fifth and sixth, respectively, overtaking India
The US and China economies ranked first and second in the world, respectively
The Indian economy has fallen to the seventh position in the global ranking of GDP. According to data released by the World Bank in Fiscal Year 1, the Indian economy ranks seventh in terms of GDP.
Britain and France have jumped to fifth and sixth, respectively, behind India. India had overtaken France in 5 years. But this time the Indian economy is lagging behind. The Modi government is believed to be a major blow to the Center, expressing confidence that it will reach the goal of a $ 5 trillion economy in the next five years.
The US economy is at the top in terms of GDP. The US GDP in Financial year 2018 is $ 20.5 trillion. China is in second place after the United States. China has a GDP of $ 3.2 trillion, while Japan ranks third with $13.6 trillion of GDP.
The GDP of the Indian economy in Financial year 2017 was 2.65 trillion dollar . India had earned the honor of being the fifth largest economy in the world. According to economists, fluctuations in the rupee level are the main reason for the Indian economy's decline in the seventh spot in 2018. The Economic Downturn Is Very Worrying
According to Devendra Pant, chief economist at India Ratings and Research, 'the rupee was stronger against the dollar in the 2017. However, the rupee weakened against the dollar in the 2018. This is the main reason behind the decline of the Indian economy in the GDP rankings.