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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