paragraph_text: As a sovereign country (2016), Texas would be the 10th largest economy in the world by GDP (ahead of South Korea and Canada). Texas's household income was $48,259 in 2010 ranking 25th in the nation. The state debt in 2012 was calculated to be $121.7 billion, or $7,400 per taxpayer. Texas has the second largest population in the country after California.

paragraph_text: The economy of India is the sixth - largest in the world measured by nominal GDP and the third - largest by purchasing power parity (PPP). The country ranks 141st in per capita GDP (nominal) with $1723 and 123rd in per capita GDP (PPP) with $6,616 as of 2016. After 1991 economic liberalisation, India achieved 6 - 7% average GDP growth annually. In FY 2015 and 2017 India's economy became the world's fastest growing major economy surpassing China.

paragraph_text: Mexico City is one of the most important economic hubs in Latin America. The city proper (Federal District) produces 15.8% of the country's gross domestic product. According to a study conducted by PwC, Mexico City had a GDP of $390 billion, ranking it as the eighth richest city in the world after the greater metropolitan areas of Tokyo, New York City, Los Angeles, Chicago, Paris, London and Osaka/Kobe (and the richest in the whole of Latin America). Excluding the rest of the Mexican economy, Mexico City alone would rank as the 30th largest economy in the world. Mexico City is the greatest contributor to the country's industrial GDP (15.8%) and also the greatest contributor to the country's GDP in the service sector (25.3%). Due to the limited non-urbanized space at the south—most of which is protected through environmental laws—the contribution of the Federal District in agriculture is the smallest of all federal entities in the country. Mexico City has one of the world's fastest-growing economies and its GDP is set to double by 2020.

paragraph_text: Switzerland has one of the best environmental records among nations in the developed world; it was one of the countries to sign the Kyoto Protocol in 1998 and ratified it in 2003. With Mexico and the Republic of Korea it forms the Environmental Integrity Group (EIG). The country is heavily active in recycling and anti-littering regulations and is one of the top recyclers in the world, with 66% to 96% of recyclable materials being recycled, depending on the area of the country. The 2014 Global Green Economy Index ranked Switzerland among the top 10 green economies in the world.

paragraph_text: A developed country with an advanced, high-income economy and high living standards, Estonia ranks very high in the Human Development Index, and performs favourably in measurements of economic freedom, civil liberties, education, and press freedom (third in the world in 2012). Estonia has been among the fastest growing economies in the European Union and is a part of the World Trade Organization and the Nordic Investment Bank. Estonia is often described as one of the most internet-focused countries in Europe.

paragraph_text: Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. Since China's transition to a market - based economy through privatisation and deregulation, the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.

paragraph_text: China became a member of the World Trade Organization (WTO) on 11 December 2001. The admission of China to the WTO was preceded by a lengthy process of negotiations and required significant changes to the Chinese economy. It signified China's deeper integration into the world economy.

paragraph_text: The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world, while ranked by the European Union as Europe's most innovative country. For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin (by GDP – per capita). In 2007 the gross median household income in Switzerland was an estimated 137,094 USD at Purchasing power parity while the median income was 95,824 USD. Switzerland also has one of the world's largest account balances as a percentage of GDP.

paragraph_text: The politics of the state since its formation in 1960 have been dominated by the Indian National Congress party. Maharashtra became a bastion of the Congress party producing stalwarts such as Yashwantrao Chavan, Vasantdada Patil, Vasantrao Naik and Shankarrao Chavan. Sharad Pawar has been a towering personality in the state and National politics for over forty years. During his career, he has split the Congress twice with significant consequences for the state politics. The Congress party enjoyed a near unchallenged dominance of the political landscape until 1995 when the Shiv Sena and the Bharatiya Janata Party (BJP) secured an overwhelming majority in the state to form a coalition government. After his second parting from the Congress party in 1999, Sharad Pawar formed the NCP but formed a coalition with the Congress to keep out the BJP-Shivsena combine out of the government for fifteen years until September 2014. Prithviraj Chavan of the Congress party was the last Chief Minister of Maharashtra under the Congress / NCP alliance.

paragraph_text: In 2013, global business and financial news provider, Bloomberg, named Namibia the top emerging market economy in Africa and the 13th best in the world. Only four African countries made the Top 20 Emerging Markets list in the March 2013 issue of Bloomberg Markets magazine, and Namibia was rated ahead of Morocco (19th), South Africa (15th) and Zambia (14th). Worldwide, Namibia also fared better than Hungary, Brazil and Mexico. Bloomberg Markets magazine ranked the top 20 based on more than a dozen criteria. The data came from Bloomberg's own financial-market statistics, IMF forecasts and the World Bank. The countries were also rated on areas of particular interest to foreign investors: the ease of doing business, the perceived level of corruption and economic freedom. In order to attract foreign investment, the government has made improvement in reducing red tape resulted from excessive government regulations making the country one of the least bureaucratic places to do business in the region. However, facilitation payments are occasionally demanded by customs due to cumbersome and costly customs procedures. Namibia is also classified as an Upper Middle Income country by the World Bank, and ranks 87th out of 185 economies in terms of ease of doing business.

paragraph_text: Maplecroft Child Labour Index 2012 survey reports 76 countries pose extreme child labour complicity risks for companies operating worldwide. The ten highest risk countries in 2012, ranked in decreasing order, were: Myanmar, North Korea, Somalia, Sudan, DR Congo, Zimbabwe, Afghanistan, Burundi, Pakistan and Ethiopia. Of the major growth economies, Maplecroft ranked Philippines 25th riskiest, India 27th, China 36th, Viet Nam 37th, Indonesia 46th, and Brazil 54th - all of them rated to involve extreme risks of child labour uncertainties, to corporations seeking to invest in developing world and import products from emerging markets.

paragraph_text: Economic liberalisation, begun in 1991, has caused India to become a fast growing major economy and a newly industrialised country.  Its gross domestic product ranks sixth in the world in market exchange rates and third in purchasing power parity.  Its per capita income ranks 133rd and 116th in the two measures.   India faces challenges of poverty, corruption, malnutrition, and inadequate public healthcare.  A nuclear weapons state and regional power, it has the second largest active military in the world and ranks high in military expenditure. India is a secular, federal republic, governed in a democratic parliamentary system, and administered in 29 states and seven union territories.  A pluralistic, multilingual and multi-ethnic society, India is home to 1.3 billion people.  It is also home to a high diversity of wildlife in a variety of protected habitats.

paragraph_text: Immanuel Wallerstein has developed the best - known version of world - systems analysis, beginning in the 1970s. Wallerstein traces the rise of the capitalist world - economy from the ``long ''16th century (c. 1450 -- 1640). The rise of capitalism, in his view, was an accidental outcome of the protracted crisis of feudalism (c. 1290 -- 1450). Europe (the West) used its advantages and gained control over most of the world economy and presided over the development and spread of industrialization and capitalist economy, indirectly resulting in unequal development.

paragraph_text: After an initial rebound from the 2009 world economic crisis, Africa’s economy was undermined in the year 2011 by the Arab uprisings. The continent’s growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to 4.5% in 2012 and 4.8% in 2013. Short-term problems for the world economy remain as Europe confronts its debt crisis. Commodity prices—crucial for Africa—have declined from their peak due to weaker demand and increased supply, and some could fall further. But prices are expected to remain at levels favourable for African exporter.

paragraph_text: Dajisaheb Chavan was among the early members of the All-India Peasants' and Workers' Party (शेतकरी कामगार पक्ष), a party founded in 1947 as an offshoot of the dominant Indian National Congress. He was elected from Karad seat to Lok Sabha in 1957 as the party's candidate, defeating Swami Ramanand Bharati of Congress. He left the party in 1960 to join Congress. He represented the seat in Lok Sabha until his death in 1973, winning elections in 1962, 1967 and 1971 elections as Congress candidate.

paragraph_text: If the state were considered separately, it would rank as the fifth largest economy in the world, behind rest of the United States, China, Japan, and Germany as of 2017. The state recently overtook the United Kingdom to take the fifth spot. The U.S. Bureau of Economic Analysis reported that California's GDP was $2.751 trillion in 3rd quarter 2017.

paragraph_text: The economy of Himachal Pradesh is currently the third-fastest growing economy in India.[citation needed] Himachal Pradesh has been ranked fourth in the list of the highest per capita incomes of Indian states. This has made it one of the wealthiest places in the entire South Asia. Abundance of perennial rivers enables Himachal to sell hydroelectricity to other states such as Delhi, Punjab, and Rajasthan. The economy of the state is highly dependent on three sources: hydroelectric power, tourism, and agriculture.[citation needed]

paragraph_text: The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, agriculture, trade, and banking have been leading sectors of the Dutch economy. The Netherlands has a high level of economic freedom. The Netherlands is one of the top countries in the Global Enabling Trade Report (2nd in 2016), and was ranked the fifth most competitive economy in the world by the Swiss International Institute for Management Development in 2017. In addition, the country was ranked the second most innovative nation in the world in the 2018 Global Innovation Index.

paragraph_text: The economy of Switzerland is one of the world's most stable economies. The service sector has also come to play a significant economic role, particularly the Swiss banking industry and tourism. The economy of Switzerland ranks first in the world in the 2015 Global Innovation Index and the 2017 Global Competitiveness Report. According to United Nations data for 2016, Switzerland is the third richest landlocked country in the world after Liechtenstein and Luxembourg, and together with Norway the only two countries in the world with a GDP per capita above US $70,000 that are neither island nations nor ministates.

paragraph_text: India is the largest & fastest growing economy in the region (US $2.180 trillion) and makes up almost 82% of the South Asian economy; it is the world's 7th largest in nominal terms and 3rd largest by purchasing power adjusted exchange rates (US $8.020 trillion). India is the only member of powerful G - 20 major economies and BRICS from the region. It is the fastest growing major economy in the world and one of the world's fastest registering a growth of 7.3% in FY 2014 -- 15. Pakistan has the next largest economy ($250 billion) and the 5th highest GDP per capita in the region, followed by Bangladesh and then by Sri Lanka which has the 2nd highest per capita and is the 4th largest economy in the region. According to a World Bank report in 2015, driven by a strong expansion in India, coupled with favorable oil prices, from the last quarter of 2014 South Asia become the fastest - growing region in the world

Question: What is the world ranking of the economy of the country where Dajisaheb Chavan is from?
Answer: sixth - largest