With Rupee down the Indian GDP is down to US$1.68 trillion, China is five times bigger in nominal GDP

Indian rupee has declined further against the US dollar to Rs. 59.3 today. At this exchange rate, India’s GDP is down to US$1.68 trillion, about $200 billion less than it was in Fiscal 2011-12.

India’s economy grew by 5.0% in 2012-13, its slowest annual rate in a decade, down from 6.2% last fiscal year. In the fourth quarter ending in March, gross domestic product grew by 4.8% year-over-year, slightly higher than the previous quarter when it expanded by 4.5%, according to Indian government data.

China’s GDP is on track to about US$8.1 trillion (not counting Hong Kong and Macau). China+Hong Kong and Macau is about five times the economy of India in nominal US$ GDP.

SOURCES – riazhaq.com, economist.com, finance.google.com, chinaabout.com

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