Question : As of 2022, India is the _______________largest economy in the world (as measured by nominal GDP).
Option 1: third
Option 2: second
Option 3: fifth
Option 4: fourth
Correct Answer: fifth
Solution : The correct answer is the fifth.
India is the world's fifth-largest economy by nominal GDP. India's economy boasts diversity and swift growth, fuelled by key sectors such as information technology, services, agriculture, and manufacturing. Nominal Gross Domestic Product (GDP) is GDP given in current prices, without adjustment for inflation.
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