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The World Bank (WB) reported through its website that India became in 2017 the sixth largest economy in the world, replacing France. Last year, India's gross domestic product (GDP) reached $ 2.59 billion, up from $ 2.58 billion in France, according to figures updated in June.
The data confirm the takeoff of the Indian economy since July 2017 after several quarters of brake, caused in particular by the government's decision to withdraw 500 and a thousand rupees from circulation .
India benefited from the good timing of manufacturing industry and consumer demand
According to the annual forecasts of the International Monetary Fund (IMF), Emerging and Developing Asia will develop. , 5% in 2018. In the case of India, growth would be 7.4% in 2018 and 7.8% in 2019, according to the IMF. (AFP)
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