Danish Siddiqui/Reuters
- India has one of the largest economies in the world, and it's growing quickly.
- But corruption and violence have cost the nation more than $1 trillion.
- Read on for nine incredible facts about India's economy.
Currently, India has the seventh largest economy based on GDP, but it is poised to move up the list if current expansion trends there continue.
This rapid expansion remains hampered by corruption at all levels of government and by endemic violence that plagues many of India's 29 states. In fact, were it not for these twin issues, India would likely already enjoy a more robust economy - economists estimate India lost out on more than $1 trillion because of violence in 2017 alone.
Troubles aside, India remains a massive global exporter, an agricultural powerhouse, and home to all 10 of the fastest growing cities in the world.
Read on for nine surprising facts about India's economy.