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The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's sixth largest economy , behind India ( 4.27 trillion ) and ahead of the ...
The report indicates that California’s economy is faltering, compared to the rest of the country (and world). India could soon replace California as the world’s fifth largest economy, report ...
India’s economy was worth $3.7 trillion in 2023, making it the world’s fifth largest, having jumped four spots in the rankings during Modi’s decade in office.
India surpassed the UK as the world’s fifth-largest economy in 2023, and analysts at Morgan Stanley agree with Modi in predicting it will overtake Japan and Germany to reach third position by 2027.
[8] [1] [11] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s. [ 12 ] The first list includes estimates compiled by the International Monetary Fund 's World Economic Outlook, the second list shows the World Bank 's data, and the third list includes data compiled by ...
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP). [58]
The country went from the ninth largest economy in the world to the fifth largest during that time. It also experienced the largest percentage growth in GDP over the decade compared to other major ...
Historically, the United States was consistently year after year the world's largest economy since the early twentieth century. However, the report from 2014 showed that for the very first time China overtook the United States as the largest economy in the world taking into account purchasing power parity (PPP). Indeed, the margin of power ...