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Home > Business > PTI > Report

India 12th richest nation in 2005: World Bank

July 08, 2006 21:46 IST

India has emerged as the 12th wealthiest nation in the world with its GDP touching $785.47 billion or Rs 35,34,615 crore in 2005, the World Bank said.

US was the wealthiest nation with GDP of $12.46 trillion, according to a list of 15 wealthiest countries prepared by the World Bank in terms of their gross domestic product.

The GDP figures have been adjusted to reflect purchasing power.

While India was way down compared to China, positioned fourth with $2.23 trillion of GDP, it was wealthier than Mexico, Russia and Australia.

The first nine countries had GDP of more than a trillion dollars.

The United States was followed by Japan with $4.51trillion and Germany $2.78 trillion.

Britain, France and Italy occupied fifth, sixth and seventh ranks with GDP of $2.19 trillion, $2.11 trillion and $1.72 trillion, respectively.

Next came Spain, Canada, Brazil and South Korea with their GDP estimated at $1.124 trillion, $1.115 trillion, $794.10 billion and $787.62 billion, respectively.

There was no African country among the 15 richest nations, while India was the only south Asian country in the list.

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

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Number of User Comments: 18

Sub: Quality of Life is not improved

No matter whether India is 12th Richest Nation in '05 but the quality of life in India is not Rich.Only on the basis os GDP ...

Posted by Prakash Nandwana

Sub: You numbers are flawed

Here is the worldbank actual stats Indian GDP in 2005 is 793 Bil which is 10th in world

Posted by Jimmy

Sub: Wrong data

The figures given are for nominal GDP and DO NOT reflect purchasing power as claimed by the article. If PPP is taken into account, India ...

Posted by Sumeet Saxena

Sub: and still 2 5% of us are poor

we might be the 12th richest country in the world, it still doesn't change the fact that a quarter of Indians are poor and dying ...

Posted by Shyama

Sub: Bravo Indians !!!!!!!!!!

All Indians and the NRIs are proud of the achievements on economic front by Indian farmers, professionals and corporates inspite of the problems being highlighted ...

Posted by Mukesh Thakkar



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