#3rdlargest

India retains its position as 3rd-largest economy on PPP basis for 2017

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“India is also third-largest economy in terms of its PPP-based share in global actual individual consumption and global gross capital formation,” said the release of the National Statistical Office (NSO).

India has retained and consolidated its position as the third-largest economy after China and the US in terms of purchasing power parity (PPP) for 2017, said the government on Tuesday…

There’s a new 3rd-largest oil importer in the world

India is now the world’s third largest importer of crude oil after the United States and China.

The country’s oil imports have steadily climbed along with its growing economy. India has surpassed Japan in terms of oil imports multiple timesover the past few years, and could trade spots again. But while they duel it out in the short-term, the outlook is clear. India’s import dependence is…