INDIA SHINING
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India 12th richest nation in 2005
Published on Sat, Jul 08, 2006 at 23:15, Updated on Sun, Jul 09, 2006 at 11:43 in Business section
Tags: India, World Bank , Washington
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Washington: India has emerged as the 12th wealthiest nation in the world with its gross domestic product (GDP) touching $785.47 billion (Rs 35,34,615 crore) in 2005, calculated by the World Bank.
US is the wealthiest nation with GDP of $12.46 trillion, according to a list of 15 wealthiest countries in terms of their GDPs.
The GDP figures have been adjusted to reflect the purchasing power of each country.
While India was way down compared to China, positioned fourth with a GDP of $2.23 trillion, it was wealthier than Mexico, Russia and Australia.
The first nine countries had GDPs of more than $1 trillion.
The United States was followed by Japan with $4.51 trillion and Germany $2.78 trillion.
Britain, France and Italy occupied fifth, sixth and seventh positions with GDPs of $2.19 trillion, $2.11 trillion and $1.72 trillion, respectively.
Next came Spain, Canada, Brazil and South Korea with their GDPs estimated at $1.124 trillion, $1.115 trillion, $794.10 billion and $787.62 billion, respectively.
There was no African country among the 15 richest nations and India was the only South Asian country in the list.
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