India Now World’s 5th Largest Economy

• India has emerged as the fifth-largest world economy in 2019  with a gross domestic product (GDP) of $2.94 trillion, overtaking the UK and France, as per a report by US-based think tank World Population Review.
• The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.
• In terms of purchasing power parity (PPP) terms, India's GDP (PPP) is USD 10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is USD 2,170 (for comparison, the US is USD 62,794).

Source : Civil Services Chronicle Online, April, 2020