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MAY 2002

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WORLD BANK ON INDIA'S ECONOMY

INDIA: World's fourth largest economy

GlobalomNet Media Service

 

India has retained its position as the world’s fourth largest economy after US, China and Japan, according to a World Bank report.

 

India’s Gross National Income in Purchasing Power Parity (PPP) terms in 2000 was $2,375 billon against $2,226 billion in 1999 while the level of per capita income improved to $2,340 against $2,230 in 1999, the World Bank’s World Development Indicator 2002 said.

 

The number one position was occupied by the US with a Gross National Income in PPP terms of $9,601 billion in 2000, followed by China with $4,951 billion and Japan with #3,436 billion.

 

Germany once the third largest economy, was positioned in fifth place with $ 2,047 billion.

 

India’s  immediate neighbour, Pakistan, had a Gross National Incoe in PPP terms at $ 257 billion while per capita income was $ 1,860, while for Bangladesh, it was $209 billion and $1,590 respectively.

 

In the case if Sri Lanka the per capita income was $3,460 while Gross National Income in PPP terms was $67 billion, it added.