India set to become 4th largest

India is on track to become

the world’s fourth largest

economy in 2022, the

International Monetary Fund

(IMF) said in a report this

month.

“Ranking countries

and regions on their gross

domestic product for 2017 and

2022 based on IMF forecasts,

India will surpass Germany

by 2022 as the world’s fourth

largest economy, with the UK

dropping out of the top five

after 2017,” said Changyong

Rhee, director of the Asia

and Pacific department of the

IMF.

India’s growth is projected

to rebound to 7.2% in fiscal

year 2018 and further to 7.7%

in 2019, he said.

INSERT

7.2%

Projected growth for 2018.