India slips to 7th spot in Global GDP Rankings of 2018: World Bank

India slips to 7th spot in Global GDP Rankings of 2018: World Bank

India slips to 7th spot in Global GDP Rankings of 2018: World Bank

India has slipped down to the 7th place in the global GDP rankings of 2018, with the UK and France forging ahead to the fifth and sixth spots, data compiled by the World Bank showed.

According to the 2017 World Bank report, India had become the fifth largest economy, displacing UK and France.

The USA remains the top economy with a GDP of $20.5 trillion in 2018.

China was the second largest economy with $13.6 trillion, while Japan took third place with $5 trillion.

India’s GDP was at $2.7 trillion in 2018, which is less than that of the UK and France, which had a GDP of $2.82 trillion and $2.78 trillion respectively.