New Delhi, Aug. 29 -- India may become the world's second-largest economy in terms of Purchasing Power Parity (PPP) by 2038, with a projected GDP of USD 34.2 trillion backed by strong fundamentals, including high savings and investment rates, favorable demographics, and a sustainable fiscal position, the EY report said.
'PPP' refers to the economic metric that determines the relative value of different national currencies by comparing the price of a common 'basket of goods and services' in each country.
Published by HT Digital Content Services with permission from United News of India....