01-26-2006, 05:12 AM
<b>India will be 3rd largest economy in 2006â</b> <!--QuoteBegin-->QUOTE<!--QuoteEBegin-->India will surpass Japan as the worldâs third largest economy in 2006 as measured in Purchasing Power Parity (PPP), according to a forecast by a US professional services firm.
Indiaâs economy, measured in <b>PPP terms, will eclipse the $4 trillion mark in 2006</b>, making it equal to or greater than Japans.
Only the United States and China will possess larger economies, according to Keystone Indiaâs chief economist William T Wilson.
"The results of liberalizing strategic sectors such as telecom, banking, aviation and real estate are now beginning to show.
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Indiaâs economy, measured in <b>PPP terms, will eclipse the $4 trillion mark in 2006</b>, making it equal to or greater than Japans.
Only the United States and China will possess larger economies, according to Keystone Indiaâs chief economist William T Wilson.
"The results of liberalizing strategic sectors such as telecom, banking, aviation and real estate are now beginning to show.
<!--QuoteEnd--><!--QuoteEEnd-->