India's GDP is 34.25 billion dollars-is true or hoax?
It's due to Mr. G Vaidyaraj, who donated all his wealth, about which he actually did not know.
Answer:
That number is way too small. It is close to $1 trillion ($1,000 billion) using market exchange rates or $4 trillion using purchasing power exchange rates. For comparison, GDP in the US is about $13 trillion using either type of exchange rate.
According to the U.S. Department of State (http://www.state.gov/r/pa/ei/bgn/3454.ht... their GDP is $797 billion as of 2006 with a real growth rate of 8.4%.
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Answer:
That number is way too small. It is close to $1 trillion ($1,000 billion) using market exchange rates or $4 trillion using purchasing power exchange rates. For comparison, GDP in the US is about $13 trillion using either type of exchange rate.
According to the U.S. Department of State (http://www.state.gov/r/pa/ei/bgn/3454.ht... their GDP is $797 billion as of 2006 with a real growth rate of 8.4%.
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