New Delhi, Mar 23: As countries like Germany, Japan and the UK continue to drop down in GDP (PPP) rankings over the years, India has achieved significant gains in GDP and the country’s share has been significantly increasing, a latest report has revealed.
GDP (PPP) means gross domestic product based on purchasing power parity.
As per the research by Delhi-based non-profit organisation Social Policy Research Foundation (SPRF), as of 2024, the Indian economy, when seen at PPP, is 3.6 times that of the UK, 2.1 times that of Japan and 2.5 times that of Germany.
As of 2022, China emerged as the top-ranking country.