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

General Studies (CPO) Indian Economy

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

This questions was previously asked in

SSC CPO 12th Dec 2019 Shift-1

second

fourth

fifth

third

- As per Union Budget 2019-20, India's economy is the third largest in the world in terms of Purchasing Power Parity (PPP).

- Here’s what the options mean:

- Option 1: Second – Incorrect, China is second.

- Option 2: Fourth – Incorrect, India is ranked higher.

- Option 3: Fifth – Incorrect, that is the nominal rank for some years.

- Option 4: Third – Correct, India is 3rd after the USA and China in PPP terms.

- PPP compares international economies by the cost of a standard basket of goods.

- This means India has strong consumer power globally.

Correct Answer: Option 4 – third

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