perichandra at YAHOO.COM
Wed Nov 17 23:34:32 UTC 1999
--- "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
> > that china is a 4 trillion $ economy. how much is indian gdp in
> > 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...
> 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.
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