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…
