India's unadjusted GDP is $1.095 trillion per year. In 2007, its GDP growth was at nine percent per year, but in 2008 it slipped to less than seven and a half percent and in 2009 it fell to six percent, making it the world's twelfth fastest growing economy.
When adjusted for purchasing power parity, the GDP of India amounts to $3.56 trillion. This makes India the fifth largest economy in the world by GDP purchasing power parity.
India has the second largest population in the world; as a result of this large population, the GDP purchasing power parity per person is only $3,100 per year, so India's worldwide ranking in PPP is 164.
