As per the database of IMF’s World Economic Outlook (WEO) for April 2018, India is the world’s 6th largest economy with record Gross Domestic Product (GDP) of $2.6 trillion for 2017. The five economies ahead are the United States, China, Japan, Germany and United Kingdom. This is the first time India crossed the $2.5 trillion yardstick used to distinguish between the big economies and the rest if the world. Further, the IMF has said that India is expected to grow at 7.4% in 2018 and 7.8% in 2019, up from 6.7% in 2017. Apart from this, the World Bank has also forecasted India’s GDP growth from 6.7% in 2017 to 7.3% in 2018 and to subsequently stabilise at 7.5% in 2019 and 2020.