Why India is the 3rd-largest Economy, NOT 4th or 5th?
Why in the News? Recently, the CEO of NITI Aayog announced that India has moved ahead of Japan to become the world’s fourth-largest economy. What is the key difference between nominal GDP and PPP-based GDP? Nominal GDP: Measured using current market exchange rates in US dollars. Eg: If India’s GDP is ₹270 lakh crore and… Continue reading Why India is the 3rd-largest Economy, NOT 4th or 5th?