econmy size

[Narayan S. Raja]

On Wed, 17 Nov 1999, Periannan Chandrasekaran wrote:

> --- "Narayan S. Raja" <raja at IFA.HAWAII.EDU> wrote:
> > On Wed, 17 Nov 1999, Swaminathan Madhuresan wrote:
> >
> > > tv was broadcasting about us china trade agreements, there was
> > mention
> > > that china is a 4 trillion $ economy. how much is indian gdp in
> > 1998?
> > > range: 2 trillion or 1 trillion or 500 billion??
> >
> > Use of the number "4 trillion US$" indicates
> > that the GNP was measured in Purchasing
> > Power Parity (PPP) terms.  In PPP terms,
> > India's GNP is about US$ 1.6 trillion.
> >
> > PPP is a method of adjusting the exchange rates
> > to account for the fact that living expenses
> > in different countries are different.
> >
> > In nominal terms (i.e., without adjusting exchange
> > rates), the Chinese GNP is approx US$ 1 trillion,
> > whereas the Indian GNP is about US$ 400 million.
> 400 *millions* sounds too small...

Ooops, I meant 400 billion, not 400 million.


> > By either measure, the Chinese economy is currently
> > about 2.5 times bigger than the Indian economy.
> Okay,.. then you meant 400 *billions* for India.

Yes, 400 billion.


Regards,


Raja.