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.