India is the fifth largest economy in the world, while the Chinese economy, the second largest, is overestimated by 40 percent, according to a World Bank study that was based on each country’s purchasing power parity (PPP).
According to the World Bank study of 146 economies, China participated in the survey for the first time and India for the first time since 1985.
China still ranks as the world's second largest economy with over nine percent of world production using PPP, but that compared with 14 percent under the old methodology.
Japan ranks third under the PPP method with seven percent of global output.
According to the World Bank study of 146 economies, China participated in the survey for the first time and India for the first time since 1985.
China still ranks as the world's second largest economy with over nine percent of world production using PPP, but that compared with 14 percent under the old methodology.
Japan ranks third under the PPP method with seven percent of global output.
