India is shining, but its challenges are mount ing. Thai in brief explains the state of the Indian economy today. According to Crisil, India's leading credit rating agency, India is all set to overtake Japan as the world's third largest economy in 2011 on the basis of GDP measured in terms of the domestic purchasing pow er of the rupee. Presently, India is the fourth largest economy behind the US. China and Japan. In 2010, Japanese economy was won h $ 4.31 trillion while India's share was valued at $4.06 trillion: but the devastating Tsunami and earthquakes that hit Japan hard he brought down nits GDP.
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