{"id":13806,"date":"2020-02-18T16:03:27","date_gmt":"2020-02-18T10:33:27","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=13806"},"modified":"2020-02-18T16:03:27","modified_gmt":"2020-02-18T10:33:27","slug":"india-becomes-5th-largest-economy-overtakes-uk-francereport","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-becomes-5th-largest-economy-overtakes-uk-francereport\/","title":{"rendered":"India becomes 5th largest economy, overtakes UK, France:Report"},"content":{"rendered":"\n<p><strong>News:<\/strong>According to a US-based think tank World Population Review,India has emerged as the world\u2019s fifth largest economy by overtaking the UK and France in 2019.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key takeaways from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>India\u2019s economy is the fifth largest in the world with a GDP of $2.94 trillion.<\/li><li>In purchasing power parity(PPP) terms, India\u2019s GDP (PPP) is $10.51 trillion exceeding that of Japan and Germany.<\/li><li>India&#8217;s economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.<\/li><li>Currently, India\u2019s service sector is the fast-growing sector in the world accounting for 60% of the economy and 28% of employment.<\/li><li>However,India\u2019s real GDP growth is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Purchasing Power Parity:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in each country.<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:According to a US-based think tank World Population Review,India has emerged as the world\u2019s fifth largest economy by overtaking the UK and France in 2019. Facts: Key takeaways from the report: India\u2019s economy is the fifth largest in the world with a GDP of $2.94 trillion. In purchasing power parity(PPP) terms, India\u2019s GDP (PPP) is&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-becomes-5th-largest-economy-overtakes-uk-francereport\/\">Continue reading <span class=\"screen-reader-text\">India becomes 5th largest economy, overtakes UK, France:Report<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4031,42],"class_list":["post-13806","post","type-post","status-publish","format-standard","hentry","category-economy","tag-5th-largest-economy","tag-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704771503},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/13806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=13806"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/13806\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=13806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=13806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=13806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}