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The economy of India is characterised as a middle income developing market economy. It is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).
According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 145th by GDP (nominal) and 122th by GDP (PPP).
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IAS BABA 60 Days Plan Prelims 2021 Economy Compilation PDF Download
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