India has surpassed Japan to become the world's 3rd largest economy by Purchasing Power Parity:
http://economictimes.indiatimes.com/news/economy/indicators/india-displaces-japan-to-become-third-largest-world-economy-in-terms-of-ppp-world-bank/articleshow/34392694.cms
Meanwhile, India still ranks among sub-Saharan Africa on per-capita GDP.
1 comment:
Not too bad, but I don't know about Purchasing Power Parity. Currency exchange rates are real but inflation figures can be fudged.
As an example, except Labour, Food / Automobiles / Electricity / Clothes / Education / Entertainment are all less expensive in suburban USA.
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