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India is world's fourth largest economy

India has retained its position as the world's fourth largest economy after US, China and Japan, according to a World Bank report.

India's Gross National Income in Purchasing Power Parity terms in 2000 was $2,375 billion against $2,226 billion in 1999 while the level of per capita income improved to $2,340 against $2,230 in 1999, the World Bank's World Development Indicator 2002 said.

The number one position was occupied by the US with a Gross National Income in PPP terms of $9,601 billion dollars in 2000, followed by China with $4,951 billion and Japan with $3,436 billion.

Germany, once the third largest economy, was positioned in fifth place with $2,047 billion.

India's immediate neighbour Pakistan had a Gross National Income in PPP terms at $257 billion while per capita income was $1,860, while for Bangladesh it was $209 billion and $1,590 respectively.

In the case of Sri Lanka the per capita income was $3,460 dollars while Gross National Income in PPP terms was $67 billion, it added.

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