India is now the third largest economy in the world. While China has become the world’s number-1 economy leaving America behind. Japan and Russia are also behind India in this matter. While countries like Germany, Indonesia and Brazil are included in the top-10 list.
Actually, this calculation of the size of the economy has been done on the basis of purchasing power parity. According to this, China is the number-1 economy among the top-5 countries. America is the second, India is the third, Japan is the fourth and Russia is the fifth largest economy.
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