15 Largest Economies in the World Ranked by 2015 PPP

3. India

Projected 2015 GDP growth: 7.3%
GDP based on PPP valuation (in billions of dollars): 8,027

For the past 2 decades, the Indian economy has grown at an average rate of 5.8% annually, making it one of the world’s fastest growing economies. A large labor force has supported the growing Indian economy, and the large population has also resulted into a large consumer market, predicted to be the world’s 5th largest by 2030. The improving economy has also resulted in the hourly wage rate doubling since the start of the 21st century. However, the GDP per capita has remained low, ranking 131st by nominal GDP.