The share of the Indian economy in the world, measured as a ratio of India’s gross domestic product (GDP) to world’s GDP at current US dollar, has increased from 2.6 per cent in 2014 to 3.2 per cent in 2017, according to the World Development Indicators database, Indian Minister of State for Finance Pon Radhakrishnan recently told parliament. The average share of the Indian economy in the world from 1960 to 2013 was 1.8 per cent. The average growth of the Indian economy during 2014-15 to 2017-18 was 7.3 per cent, fastest among the major economies in the world, the upper house of parliament was informed.
