BackDespite slowdown, India’s share of global GDP continues to increase
India's share of the world's gross domestic product based on purchasing power parity shows an upward trend
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A measure of how well the Indian economy is doing relative to the rest of the world is provided by the International Monetary Fund’s (IMF’s) database. The yardstick is India’s share of the world’s gross domestic product (GDP) based on purchasing power parity, according to its World Economic Outlook.
There’s a steady increase in India’s share of global GDP, with the pace picking up after 1992. The sharpest relative growth was during the boom years of 2003 to 2007. While the world economy too did well in that period, India’s growth was much faster. Interestingly, despite the slowdown in growth over the last few years, it continues to show an upward trend, implying that it’s doing better than the rest of the world and its share of global GDP continues to increase
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