Indian Economy by Nominal Exchange Rate
- In 2022, India became the world’s fifth-largest economy by overtaking the United Kingdom.
- Now, the US, China, Japan, and Germany are the only nations with economies larger than India’s.
- India overtook the UK in 2019 to become the fifth-largest economy globally but shrunk to sixth position in 2020.
Indian Economy by PPP Exchange Rate
- In 2008, India’s GDP in PPP terms surpassed Japan’s to become the third-largest economy.
- Currently, India is behind the United States and China.
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