Q7. What is the current position of India in terms of World’s largest economy rankings?

a) Third

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b) Fifth

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c) Sixth

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d) Seventh

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Solution

The correct option is D d) Seventh
1. India is set to overtake the United Kingdom and France to become the world’s fifth largest economy next year.
2. Currently ranked seventh, India will move up to fifth place in 2018 and vault to third spot by 2032.
3. The Centre for Economics and Business Research, a London-based consultancy, said in its annual rankings.

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India is the seventh largest economy in the world, however, it is only the tenth largest exporter, in terms of value.

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