<h1>India's Economic Rise: Third Largest by Purchasing Power Parity, Focus on Growth and Stability at Beijing Conference.</h1> India's growing role in the global economy is underlined by its status as the third-largest economy on a purchasing power parity basis. The country's economic significance is driven by sustained growth, macroeconomic stability, and integration with the global economy. The speech by a Reserve Bank of India official at a conference in Beijing highlighted the importance of economic prosperity in determining international relevance, citing historical examples. The discussion covered India's foreign exchange management, capital account liberalization, and the role of foreign exchange dealers. The sustainability of India's global role hinges on maintaining growth momentum and stability through responsive policies.