About the India GDP Purchasing Power Parity
The gross domestic product (GDP) of a country measures its total economic output. Purchasing power parity is the equivalent buying power of a currency in U.S. dollars. When adjusted for purchasing power parity, the GDP measures how much a country's GDP can purchase in that specific country based on the cost of living. In India's case there is considerable difference between its GDP and its GDP purchasing power parity.
GDP
India's unadjusted GDP is $1.095 trillion per year. In 2007, its GDP growth was at nine percent per year, but in 2008 it slipped to less than seven and a half percent and in 2009 it fell to six percent, making it the world's twelfth fastest growing economy.
GDP Purchasing Power Parity
When adjusted for purchasing power parity, the GDP of India amounts to $3.56 trillion. This makes India the fifth largest economy in the world by GDP purchasing power parity.
Per Person
India has the second largest population in the world; as a result of this large population, the GDP purchasing power parity per person is only $3,100 per year, so India's worldwide ranking in PPP is 164.
