Thursday, May 1, 2014

                    
                    INDIA BECOMES THE THIRD LARGEST ECONOMY IN THE WORLD.


                    India Has displaced Japan to become the world's Third  largest Economy
                    in terms of Purchasing Power Parity(PPP) according to a World Bank
                    Report released recently.

                    The last survey in 2005 had placed the country on 10th place.India's 
                    share in World GDP in terms of PPP was 6.4% in 2011 compared with 
                    China's 14.9% and the US 17.1%.

                    But according to International Monetary Fund (IMF),India's economy is
                    12th largest and only about a third of  Japan in terms of absolute 
                    unadjusted dollars.

                    Courtesy:ET Bureau.

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