Meet The World’s Third Largest Economy: IndiaSeptember 20, 2011 3:44 am
Well, we spotted some interesting stats on India today – and then we spotted this:
“India is now the fourth-largest economy behind the US, China and Japan.
Numbers from 2010 show that the Japanese economy was worth $4.31 trillion, with India snapping at its heels at $4.06 trillion.
But after March’s devastating tsunami and earthquakes, Japan’s economy is widely expected to contract while India’s economy will grow between 7% and 8% this fiscal. “India should overtake Japan in 2011 to become the third-largest economy in the world at purchasing power parity,” said Sunil Sinha, head of research and senior economist at Crisil. ”
Statistics Source: Economic Times