Going by the market exchange rate statistics, India business
economy is the twelfth largest in the world and on the basis of
purchasing power parity (PPP) India occupies the fourth slot.
Renewal of economic developments and improved economic policy in
the year 2008 has helped India's economic growth rate to gather
momentum. 2008 witnessed India occupying the second slot in
terms of world's fastest developing economy. What does the
statistics say? - India's per capital income ranks 142th in the
world at $1016 - Per capita (PPP) of India stands at 129th
amounting to US$2,762 - As per the financial records of 2007
with WTO, India accounts for 1.5% of World trade - In the year
2006, India's total merchandise business was worth $294 billion,
according to World Trade Statistics of the WTO Despite vigorous
economic expansion, India is still facing major hurdles widening
the economic inequality across the nation. According to Goldman
Sachs' prediction India will continue to linger a low-income
nation for many more de