India is now the world’s sixth largest economy, displacing France. The five economies ahead are the United States, China, Japan, Germany and United Kingdom. Thus, Indian economy had not only recovered but had made up enough ground to catapult South Asia to the top of the chart as the world’s fastest growing region. The Year 2018 appeared to be up in the air based on the same IMF numbers and projections. But 2019 was clearly in the blue corner. India is projected to cross the $3 trillion mark then, overtaking both France and Britain for the prized slot in the top five economies and as the fifth largest. This is a landmark development for India.
Nikhil Krishnan
(The views expressed by the author in the article are his/her own.)
