India drops from 5th to 7th largest economy in 2018

The data compiled by the World Bank showed India being pushed to seventh place, with UK and France forging to fifth and sixth places respectively in Global GDP rankings for 2018. The US remained at the top with China and Japan at second and third-ranking consecutively.

In 2017, India was in the fifth-ranking followed by UK and France. Economists said this slip in the rankings was due to currency fluctuation and slowdown in growth. The rupee depreciating against the dollar in 2017 and 2018 is attributed to be one of the main factors.

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