Should we consider india becoming the third largest economy as an achievement?

Even with 5-6 percent growth India will become the third largest economy in 5 years, especially since Japan and Germany have very low growth rates. India has had 6 percent growth since at least 1991. But Japan and Germany don’t need high growth rates as their per capita income is already high. In fact, india is the only country in the top 15 economies that has a per capita income of less than ten thousand dollars. In fact the per capita income in India is $2,600. So, why is this being celebrated as an achievement? Thoughts?