As per Union Budget 2019 20 Indian economy is globally the largest in Purchasing Power Parity P...........

Current (GK) (CGL) International Affairs

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As per Union Budget 2019-20, Indian economy is globally the ______ largest in Purchasing Power Parity (PPP) terms.

fifth

second

third

fourth

Explanation:

- The Union Budget 2019-20 for India highlighted the country's significant global economic standing.

- Purchasing Power Parity (PPP) is an economic theory that allows the comparison of currency values based on the cost of a basket of goods in different countries.

- First Option (fifth largest): This is incorrect. India's economy ranks higher than fifth in PPP terms.

- Second Option (second largest): This doesn't represent India's status as of the 2019-20 budget.

- Third Option (third largest): This is the correct answer. As per the available data during that period, India was the third largest economy in PPP terms.

- Fourth Option (fourth largest): This is also incorrect since India ranked higher in PPP terms.