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Economy of India : Gross Domestic Product | DealsOfLoan The Economy of India is being labeled as the 7th largest economy in the world, when measured in terms of nominal GDP. When we talk about the PPP (Purchasing Power Parity), the country ranks as high as third in the world and the fast paced rise of the country all over the world can be justified by the country’s involvement as one of the member in G-20, a member of BRICS, and developing at a growth rate of around 7% per year.
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