India joins the trillion dollar GDP club

It is a proud moment for every Indian. The country has joined a select band of nations with a gross domestic product of over one trillion dollars.

 

The Indian economy hit the one trillion dollar mark when the rupee rose and closed above the 41 mark for the first time in nine years on Wednesday. 

 

To be exact, at 40.90 to the dollar, the Indian economy is valued at USD 1.0026 trillion.

 

The US, UK, Japan, Germany, China, Canada, Spain, Italy, Brazil, and France are the other nations in this elite club. For the current financial year, RBI is estimating a GDP growth of 8.5%.