RamBharose
SpeedLimited
If we are talking about nominal GDP measured in USD, which is the only apples to apples metric, India is projected to become the world's third largest economy within the next three, or in the worst case, four years. However, it is mostly irrelevant peacocking as the metric isn't very meaningful in practical terms. The metrics that are meaningful are the level of per capita GDP in PPP terms, where India is far behind Germany, Japan, UK and France and the growth rate in PPP terms, where India is growing at 7-8% and the other large economies of Europe and Japan are essentially stagnant.Its not about growth but size of GDP in USD. Otherwise on what basis you people claim taking over Japan GDP? Which didn't happen anyway and India is now back to 6th, behind even UK.
By the way, the Japanese PM Takaichi-san is a big proponent of a weak Yen, so you could easily see the Yen significantly depreciate against the Indian rupee in the coming months and this meaningless ranking could flip quickly again.



