#uhoud

In 2019, the ranking that was published by the International Monetary Fund (IMF) stated that India is in the top 10 countries of the world, on nominal basis. India was in the 7 th place in 2018, but grew by 7.44%, which was the highest growth percentage that year, to beat France’s and the United Kingdom’s nominal GDP. India’s current nominal GDP is 2,957.72 billion of dollars. Its approximately 115 billion dollars greater that France, and 150 billion dollars greater than the United Kingdoms.

It was proven that India’s GDP has been growing at a rate in the previous years, reaching a $2.6 billion by 2017. The surprise is that the constant growth had led to the surpass of France GDP in 2017. India’s annual growth rate of GDP has been around 7%, and according to trading economics GDP annual growth, in 2019 the rate could reach 7.3%. According to OECD, the economic growth of India will stay robust in 2019, and it expected to drop to 6.4% in 2020.