India overtakes Japan in GDP based on purchasing power parity

Nabanita Dutta

News Editor

According to an Asian Development Bank Report, India has overtaken Japan to hold the 2nd largest regional share of Asia Pacific region's GDP based on purchasing power parity. India's share has improved from 14.6% in 2010 to 17.3% in 2017. Japan's share was down from 23.1% in 2010 to 10.2% in 2017 and now Japan is standing at number three, trailed by China and India. China is leading the list with 42% of the shares.