Specifically in 1973 the US economy was 16.4 times larger than India and 10.3 times larger than China.
Today the US economy is about 7.6 times larger than India and 0.5 times larger than China.
India's economy was equivalent to ~$500 billion in 1973, inflation adjusted to today's dollar (per the US Govt figures). That would be good enough for 25th or so globally, behind Belgium. Not tiny per se, definitely small for what India's market is capable of. They're of course 7th now in national GDP, set to overtake France and the UK this year and move into the 5th spot behind Germany.
adventured|7 years ago
Today the US economy is about 7.6 times larger than India and 0.5 times larger than China.
India's economy was equivalent to ~$500 billion in 1973, inflation adjusted to today's dollar (per the US Govt figures). That would be good enough for 25th or so globally, behind Belgium. Not tiny per se, definitely small for what India's market is capable of. They're of course 7th now in national GDP, set to overtake France and the UK this year and move into the 5th spot behind Germany.