The Indian economy grew 8.2 percent in April-June this year, the highest in two years, amid signs that households are buying more and companies, are adding capacities, shrugging off the disorderly effects of the twin shocks of demonetization and the goods and services tax (GST).
India also cemented its status as the world’s fastest-growing major economy, ahead of China, which grew 6.7 percent in April-June 2018. At the current pace, India looks set to become the world’s fifth largest economy, ahead of the United Kingdom.
According to the latest World Bank data, India edged past France to become the world's sixth largest economy. India's GDP stood at USD 2.597 trillion (Rs 178 lakh crore) in 2017 in current prices in market exchange rates, ahead of France whose GDP stood at USD 2.582 trillion (Rs 177 lakh crore) in 2017.
Source- https://www.moneycontrol.com
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