India emerged as 5th largest economy in 2019
World Population Review, a US-based think tank, recently stated in its report that India emerged as the world’s fifth largest economy in 2019, with a GDP of $ 2.94 trillion. India has overtaken the UK and France, to be placed in the 5th position.
The report also stated that in Purchasing power parity (PPP) terms, India’s GDP (PPP) is $ 10.51 trillion, which is also ahead of Japan and Germany. It also revealed that India’s real GDP growth will decrease for the third year from 7.5 per cent to 5 per cent.