• Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.
No Result
View All Result
  • Login
The Edge Media
Thursday, October 2, 2025
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge
No Result
View All Result
The Edge Media
No Result
View All Result
Home Business Edge

India retains its position as 3rd-largest economy on PPP basis for 2017

The Edge Media by The Edge Media
5 years ago
in Business Edge, Main Story, National Edge
Reading Time: 2 mins read
0
Share on FacebookShare on TwitterShare on LinkedInShare via TelegramSend To WhatsApp

India has retained and consolidated its position as the third-largest economy after China and the US in terms of purchasing power parity (PPP) for 2017, said the government on Tuesday quoting the World Bank data.

PPP of the rupee per dollar at the gross domestic product (GDP) level rose to 20.65 in 2017 from 15.55 in 2011, while the exchange rate of a dollar to a rupee rose to 65.12 from 46.67 during the period.

Also, the Price Level Index (PLI), the ratio of a PPP to its corresponding market exchange rate, which is used to compare the price levels of economies, improved to 47.55 in 2017 from 42.99 in 2011.

“In 2017, India retained and consolidated its global position, as the third-largest economy, accounted for 6.7 per cent (USD 8,051 billion out of world total of USD 119,547 billion) of global GDP in terms of PPPs as against China (16.4 per cent) and the US (16.3 per cent), respectively.

“India is also third-largest economy in terms of its PPP-based share in global actual individual consumption and global gross capital formation,” said the release of the National Statistical Office (NSO).

The World Bank has released new PPPs for the reference year 2017, under the International Comparison Program (ICP), that adjust for differences in the cost of living across economies of the world. Globally, 176 economies participated in 2017 cycle of ICP.

The ICP is the largest worldwide data collection initiative, under the guidance of UN Statistical Commission (UNSC), with the goal of producing PPPs, which are vital for converting measures of economic activities to be comparable across economies.

Along with the PPPs, the ICP also produces PLI and other regionally comparable aggregates of GDP expenditure.

India has participated in almost all ICP rounds since its inception in 1970.

As per the release, in 2017, India retained its regional position, as the second-largest economy, accounted for 20.83 per cent of the regional gross domestic product (GDP) in terms of PPPs where China was at 50.76 per cent (first) and Indonesia at 7.49 per cent (third).

India is also the second-largest economy in terms of its PPP-based share in regional actual individual consumption and regional gross capital formation, it added.

The next ICP comparison will be conducted for the reference year 2021.

Previous Post

China’s actions show ‘complete failure’ of India’s foreign policy under Modi govt: Rahul Gandhi

Next Post

Govt launches mobile app ‘E-Raktkosh’ to access “safe blood” easily.

Related News

The Edge Magazine – September 2025

The Edge Magazine – September 2025

by The Edge Media
September 3, 2025
0

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

by The Edge Media
August 23, 2025
0

The Supreme Court has revised its August 11 order on stray dogs, ruling that sterilised and vaccinated animals be released...

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

by The Edge Media
August 23, 2025
0

In a landmark verdict, the Supreme Court of India has directed aggressive sterilisation of stray dogs under the ABC Rules,...

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

“Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

by The Edge Media
August 23, 2025
0

In a landmark ruling, the Supreme Court stated that marriage requires compromise and responsibility, warning against unrealistic expectations of absolute...

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

by The Edge Media
August 23, 2025
0

BJP leader Rekha Gupta has been granted Z+ category security cover following intelligence warnings of threats, sparking political debate.

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

India to Launch First-Ever Human Space Mission ‘Gaganyaan’ in December 2025

by The Edge Media
August 23, 2025
0

ISRO has announced December 2025 as the launch date for India’s first human spaceflight mission, Gaganyaan, marking a new era...

Discussion about this post

Recommended

Mahatma Gandhi’s great-granddaughter jailed for 7 yrs in South Africa for Rs.3.3-cr fraud.

Mahatma Gandhi’s great-granddaughter jailed for 7 yrs in South Africa for Rs.3.3-cr fraud.

4 years ago

Amitabh Bachchan shares a poem urging fans to take precautions

4 years ago

Popular News

  • The Edge Magazine – September 2025

    The Edge Magazine – September 2025

    0 shares
    Share 0 Tweet 0
  • What’s Next? SC Revises Stray Dog Order, Directs Sterilisation and Return but Dog Lovers, NGOs Asked to Deposit Costs

    0 shares
    Share 0 Tweet 0
  • Supreme Court Orders Aggressive Sterilisation to Control Stray Dog Population: A Landmark Verdict Ensures Public Safety & Animal Welfare

    0 shares
    Share 0 Tweet 0
  • “Marriage Is Not for Absolute Freedom” – Supreme Court’s Bold Statement on Relationships

    0 shares
    Share 0 Tweet 0
  • BJP Leader Rekha Gupta Gets Z+ Security Cover Amid Threat Concerns

    0 shares
    Share 0 Tweet 0
  • Hindi
  • Heritage Edge
  • Sports Edge
  • Wildlife Edge
SHARP. BITTER. NEUTRAL.

© 2024 The Edge Media All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • National Edge
  • State Edge
  • Political Edge
  • World Edge
  • Entertainment Edge
  • Business Edge
  • Sports Edge

© 2024 The Edge Media All Rights Reserved.