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India overtakes U.K and France in terms of GDP, becomes 5th largest economy

India world’s 5th largest economy: World Population Review report. India’s GDP is $2.94 Tn whereas the UK records $2.83 Tn. Govt of India targets a total GDP of $5 Tn by 2024. The country aims to create 4 Cr well-paid jobs by 2025.

Around 1,24,000 new firms were established in India in 2018. India’s Purchasing Power Parity stands at $10.51 Tn. Tourism, Urban development, agri-tech to drive growth. India’s GDP is expected to grow between 6.0 to 6.5% by 2021. India’s GDP per capita is  $2,170.

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