According to latest report for 2017 of the World Bank, India is the world’s sixth-biggest economy, pushing France into seventh place. Indian economy rebounded strongly from July 2017. Undoubtedly, it is good news for Prime Minister Narendra Modi’s government as they were blamed for several quarters of slowdown for all the pursued economic policies.
After the slowdown blamed on the de-monetisation of large banknotes and GST implementation, manufacturing and consumer spending were the main drivers of the Indian economy last year. India has doubled its GDP within a decade and is expected to power ahead as a key economic engine in Asia.
The London-based Centre for Economics and Business Research, a consultancy, have mentioned at the end of last year that Indian economy would improve enough to overtake both Britain and France this year in terms of GDP. Not just this, it had a good chance to become the world’s third-biggest economy by 2032.
Certainly, all the pursued economic policies of Modi government are working well and resulting growth in terms of GDP and also, in terms of attracting world market for investment in India.

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