Indian economy size USD 15 tn in PPP term, more than half of US economy: NITI VC Bery

NITI Aayog Vice-Chairman Suman Bery on Thursday said that the size of the Indian economy in the purchasing power parity (PPP) term is already USD 15 trillion, which is more than half the size of the US economy.

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The purchasing power parity (PPP) is the amount of currency units required to purchase a basket of goods and services that can be purchased with one unit of the reference economy's currency.

"There has been a lot in the newspapers about our being the fourth largest economy. Those are all measured at market prices, but the real way of measuring productivity is purchasing power parity.

"And while we are USD 4 trillion GDP at market prices, at PPP term, we are USD 15 trillion economy,"Bery said while addressing the Annual Business Summit 2025 of the Confederation of Indian Industry (CII).

He said that economists tend to measure labour productivity at purchasing power parity as PPP measures the real size of the economy of countries against the size of the US economy.