An Indian Civilizational Perspective

India will be third largest economy

This is yet another story on how the Indian economy will grow and come to take some place within the world!

India will surpass Japan as the world’s third largest economy in 2006 as measured in Purchasing Power Parity (PPP), according to a forecast by a US professional services firm.

India’s economy, measured in PPP terms, will eclipse the $4 trillion mark in 2006, making it equal to or greater than Japans.

Only the United States and China will possess larger economies, according to Keystone India’s chief economist William T Wilson.

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Do you think that India can in real terms and NOT PPP terms – achieve reasonable economic ascendancy such that its citizens can live free of poverty!

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