Author: Mr TT
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Though India has surpassed China to become one of the fastest growing economies in the world, in terms of purchasing power parity, it lags behind 129 countries. In a survey conducted by Global Finance Magazine based on IMF’s gross domestic product (PPP) data from 2009-2013, India has scored a dismal 130 out of 184 countries. With a GDP (PPP) of $4,060, India has a long way to go to become one of the richest countries… GDP data per capita shows how well off the average residents are in a country. PPP considers relative cost of living and the inflation rates of the countries to reflect the state of the citizens’ wealth. Take a look at the world’s 10 richest countries…