rank of indian economy in terms of nominal gdp
Economy of India The economy of India is an underdeveloped mixed economy.[33] It is the world's seventh-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016.[34][35] After 1991 economic liberalisation, India achieved 6-7% average GDP growth annually.[36][37] In FY 2015 India's economy became the world's fastest growing major economy surpassing China.[38] The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy.[39][40]