India ranks #3 in the world economy based on purchasing power parity (PPP)-adjusted GDP

India ranks #3 in the world economy based on purchasing power parity (PPP)-adjusted GDP, according to IMF data. This measure considers differences in cost of living and inflation rates, providing a more accurate comparison of economic output between countries than traditional GDP rankings, calculated in USD. With the USD currently trading 19% above its PPP fair value (Source BCA Research), India’s rank could be further solidified. The trend of Indian economy is clearly north and the weight of India in global portfolios will continue to increase. Well done, India!