India may become the world's third largest economy in 2011 by surpassing Japan in terms of gross domestic product (GDP) measured according to the domestic purchasing power parity.
India is currently fourth-largest economy in the world behind the US, China and Japan and if everything goes well India may overtake Japan in 2011 to become the third-largest economy in the world at purchasing power parity.
IMF forecasts show India and Japan at par in 2011, but the disaster in Japan has given India some edge.
The IMF expects the Japanese economy to grow 0.7% this year while India is expected to grow 8.2%. A bigger economy could also give India additional influence and bargaining power overseas.
The size of the Indian economy is expected to reach almost $5 trillion by the end of 2011.
No comments:
Post a Comment