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of <h1>India's Economic Milestone: $15 Trillion PPP Economy Reveals Potential for Growth and Productivity Transformation</h1> A senior government official highlighted India's economic performance, noting the economy is USD 15 trillion in purchasing power parity (PPP) terms, approximately half the size of the US economy. Despite being the fourth largest economy by market prices, the official emphasized the importance of PPP for measuring productivity. He pointed out India's low labor productivity among G20 nations and stressed the need for diversification, innovation, and skill development to leverage the demographic dividend.
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