Question

Under which range, India lies in terms of Nominal GDP?

• A. 1 to 5
  
• B. 6 to 10
  
• C. 10 to 15
  
• D. None of the above
  

Answer 1

The correct option is B 6 to 10

Gross Domestic Product (GDP) is the broadest quantitative measure of a nations total economic activity. Most importantly, GDP represents the monetary value of all goods and services produced within nation's geographic boarders over a specific period of time.

The economy of India is the seven largest economy in the world measured by nominal GDP and the third largest by purchasing power parity (PPP).