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India has retained its fourth position in Gross
Domestic Product in Purchasing Power Parity Terms according to the latest World Development Report of the World Bank. It retained its ranking with a GDP of
$3.363 trillion at Purchasing Power Parity (PPP). The U.S. remains way ahead with 11,655 billion followed by China $7,170 billion and Japan $3,838 Billion.
India is followed by Germany $2,310 billion in the fifth position.
India is however the tenth largest economy in the world in GDP ranking with a GDP of $691.9 billion at 2004 USD exchange rates.
The countries huge population results in a relatively low per capita income which hovers at around $3,100.
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