Give a brief information on GDP of india and a country which is having less GDP then india
The GDP of India is USD 2.264 trillion measured in purchasing power parity terms. This makes India the third largest economy in the world. Nearly 17% of the GDP is contributed to by the agriculture sector, 29% by the industrial sector and 54% by the services sector. India's per capita GDP is slightly above USD 7000 in purchasing power parity terms. In terms of per capita income, India is a middle income country and is ranked 123rd in the world.
One country with a lower GDP than India is Australia. Australia's GDP is about USD 1.2 trillion. However, the per capita income of Australia is nearly USD 50000, which is much higher than India's. Hence, Australia is a much richer economy that India. The reason Australia has such a high per capita income is that Australia's population is much lower than India's.
One country with a lower GDP than India is Australia. Australia's GDP is about USD 1.2 trillion. However, the per capita income of Australia is nearly USD 50000, which is much higher than India's. Hence, Australia is a much richer economy that India. The reason Australia has such a high per capita income is that Australia's population is much lower than India's.