India slips to no. 7

India plans to become a $5 trillion economy in the next five years but the India’s growth rate has slipped from the last year.

The report from World Bank has also shown that India has slipped from 5th to 7th rank in world’s largest economy overtaken by UK and France. Economic slowdown and decreased value of ₹ against $ in 2018 are the main reasons for the degrade. I still hope that India could become a $5 trillion economy very soon.

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