New Delhi : India has achieved the title of fifth largest economy in the world by pushing back Britain and France. In this report for the year 2019, India’s gross domestic product (GDP) has become equal to 29 trillion 40 billion dollars, which is more than one trillion dollars from Britain and two trillion dollars from France. India has overtaken the UK’s 28 trillion 30 billion dollars and France’s 27 trillion 10 billion dollars in this matter.
According to the report, on the basis of purchasing power capacity, India’s GDP is equal to 10510 billion dollars, which is more than Japan and Germany. The report said that India has now moved ahead of its earlier policy of becoming self-reliant and has emerged as an open market economy.
The International Monetary Fund (IMF) had said in its report at the end of the year 2018 that India could become the fifth largest economy in the world by pushing Britain back in 2019.
