Claim: From being third largest economy in 2011, India has slipped to 164th fastest growing nation in the world in 2021.
Fact-check: India is still the third largest economy in terms of purchasing power parity - FACTLY
Verdict: it is true that india was ranked as the third largest economy in 2011 by icp  and is also ranked at 164th fastest growing economy in 2021 by imf. however the comparison of these rankings is not correct, as the 2011 calculation is based in terms of ppp, whereas the 2021 calculation is based on real gdp at market prices. moreover, contrary to the claim, india is still the third largest economy in terms of ppp after china and us. and also as per the same imf report, india initially ranked at 8th position in terms of real gdp growth for the year 2021. hence the claim made in the post is misleading.
Organisation: FACTLY
Author: Chaitanya
Date published: 2022-06-13T13:25:57