The Economy of India is the fifth largest in the world with a GDP (a year's goods and services) of $2.94 trillion (U.S.). If you consider PPP (purchasing power parity: how much that money can buy in India compared to other countries), the economy is third largest (worth $10.51 trillion U.S.). However, due to India's huge population, the economy was still only $6,209 (considering PPP) per person per year in 2015.