India's economy is the 5th largest, higher than US and France
Shortpedia
Content TeamImage Credit: Shortpedia
According to a US-based think tank, World Population Review reported that India's economy is the 5th largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019. India's service sector is growing rapidly accounting for around 60% of the entire economy and 28% of employment. Manufacturing and agriculture are 2 other important sectors. India's PPP is also higher than that of Japan and Germany.