7 Largest Economies In The World 2023

Economy of India – $3.46 trillion

India’s economy is known as a middle income developing market economy. According to the International Monetary Fund (IMF), on a per capita income basis, India ranks 139nd from GDP (nominal) and 122th from GDP purchasing power parity PPP in 2021. Since the beginning of the 21st century, annual average GDP growth has increased from 6% to 7% from 2014 to 2018.

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