according to atlas method, India's GDP is 1.17 trillion dollars, and China's GDP is 3.28 trillion dollars. the following matter is false information by the author of this column. "China is the world's second largest economy, with its GDP standing at slightly more than $7 trillion. India, by comparison, touched the $1-trillion mark in 2007." The author has mixed up atlas method and PPP method and gave this wrong data. According to PPP terms China's GDP is 6.99 trillion dollars and GDP of India is 2.81 trillion dollars. The author has irresonsibley written the above statement which indicates that China is nearly 7 times richer than India in GDP terms. In terms of PPP( Purchasing power parity) china's per capita income is double than that of india(China: 5370 US$, and India: 2740 US$)
RE:false information repeated
by Ravi on Jul 31, 2008 04:44 PM Permalink
You are right. Also the per capita figures seem to be per month and not per year. This is a hastily written unnecessary article
