econmy size

[Periannan Chandrasekaran]

--- "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...
>
> 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.


>
> Raja.
>

Chandra



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