India Overtakes France As World’s Sixth Largest Economy: World Bank

India emerged as the world’s sixth largest economy in 2017 surpassing France and is likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank.

Indian government has taken various reform measures to improve the ease of doing business in recent years. These include implementation of the Goods and Services Tax and the Insolvency and Bankruptcy Code.

The country's economy grew at a seven-quarter high of 7.7 percent in the three months ended March 2018, helped by higher government spending and investment.

As per the IMF World Economic Outlook released in April this year, the size of the Indian economy was pegged at $2.61 trillion, ahead of France with a GDP of $2.58 trillion.