MOSYN’S WORLD

IBNLive : India 12th richest nation in 2005: “ndia 12th richest nation in 2005
Press Trust Of India
Posted Saturday , July 08, 2006 at 23:15
Updated Saturday , July 08, 2006 at 23:54
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Washington: India has emerged as the 12th wealthiest nation in the world with its GDP touching $785.47 billion (Rs 35,34,615 crore) in 2005, calculated by the World Bank.

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 a GDP of $2.23 trillion, it was wealthier than Mexico, Russia and Australia.

The first nine countries had GDP of more than a $1 trillion.

The United States was followed by Japan with $4.51 trillion 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”