India GDP data Q4 FY25 Live updates: Indian economy to retain 'fastest growing' tag; GDP growth to pick up in fourth quarter
14:30 (IST) May 30
The size of India's economy measured in Purchasing Power Parity (PPP) reaches $15 trillion, exceeding half of the US economy's value, according to NITI Aayog Vice-Chairman Suman Bery. Whilst India's nominal GDP at market prices amounts to $4 trillion, the PPP measurement demonstrates a substantially larger economic value of $15 trillion.
The comparison shows that India's PPP-adjusted economy of $15 trillion measures against the United States' $29 trillion, demonstrating that the Indian economy's scale is roughly half of America's economic strength.
The PPP metric calculates the quantity of currency units required to obtain an identical basket of goods and services that can be purchased with one unit of the reference country's currency.
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