{"id":2646,"date":"2003-01-30T13:35:38","date_gmt":"2003-01-30T08:05:38","guid":{"rendered":"http:\/\/alpha.ravikiran.com\/blog\/2003\/01\/30\/india-fourth-largest-economy\/"},"modified":"2003-01-30T13:35:38","modified_gmt":"2003-01-30T08:05:38","slug":"india-fourth-largest-economy","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/vintage\/200301\/india-fourth-largest-economy\/","title":{"rendered":"India fourth largest economy?"},"content":{"rendered":"<p>According to this <a href=\"http:\/\/impearls.blogspot.com\/2003_01_19_impearls_archive.html#87694380\" >table <\/a> , India&#8217;s GDP is the fourth largest in the world according when measured according to <a href=\"http:\/\/labs.google.com\/glossary?q=Purchasing&#37;20Power&#37;20Parity&#37;20&#37;28PPP&#37;29\" target=\"_blank\"> Purchasing Power Parity (i.e., 2001 GDP according to the CIA factbook in the table)<\/a>. <\/p>\n<p>There is less to this than meets the eye. India&#8217;s GDP is still 1\/4th that of the US, while her population is 3 1\/2 times more. What is interesting is that there is such an enormous difference between GDP according to standard exchange rates(2001 GDP -LAEDC) and PPP rates for India and China. The more this difference, the less the country is integrated with the rest of the world.  <\/p>\n<p>Another anomaly is Japan. It is the only country with PPP-GDP less than GDP according to normal Exchange Rates. This means that it is actually much cheaper to import stuff into Japan than it is to buy the same stuff in Japan.  At the time of the Japanese boom, this was true even for <i>Japanese made<\/i> products. The Japanese were actually subsidizing America&#8217;s consumption. I don&#8217;t know whether it is true now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to this table , India&#8217;s GDP is the fourth largest in the world according when measured according to Purchasing Power Parity (i.e., 2001 GDP according to the CIA factbook in the table). There is less to this than meets the eye. India&#8217;s GDP is still 1\/4th that of the US, while her population is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2646"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=2646"}],"version-history":[{"count":0,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/2646\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=2646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=2646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=2646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}