Consider the following statements:

India is now the world’s fifth largest economy by overtaking Russia.

India is ranked 122 out of 190 countries in terms of per capita income in 2021.

The size of the Indian economy in ‘nominal’ cash terms in the quarter through March, 2022 was USD 854.7 billion.

Which of the statements given above is/are correct?

Question

Recently, India became theworld’s fifth largest economy by overtaking the United Kingdom. Now, the United States, China, Japan, and Germany are the only nations with economies larger than India\'s.
The size of the Indian economy in ‘nominal’ cash terms in the quarter through March, 2022 was USD 854.7 billion while for UK was USD 816 billion.
The per capita income in India remains very low, India is ranked 122 out of 190 countries in terms of per capita income in 2021.
According to HDI (2019), the UK score is 0.932 and India’s score is 0.645 which is comparatively far behind the UK.

GKToday Admin · Accepted Answer

Only 2 & 3

Recently, India became theworld’s fifth largest economy by overtaking the United Kingdom. Now, the United States, China, Japan, and Germany are the only nations with economies larger than India\'s.
The size of the Indian economy in ‘nominal’ cash terms in the quarter through March, 2022 was USD 854.7 billion while for UK was USD 816 billion.
The per capita income in India remains very low, India is ranked 122 out of 190 countries in terms of per capita income in 2021.
According to HDI (2019), the UK score is 0.932 and India’s score is 0.645 which is comparatively far behind the UK.

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