“From being third largest economy in 2011, India has slipped to 164th fastest growing nation in the world in 2021”
What FACTLY found
It is true that India was ranked as the third largest economy in 2011 by ICP (World Bank) and is also ranked at 164th fastest growing economy in 2021 by IMF. However the comparison of these rankings is not correct, as the 2011 calculation is based in terms of PPP, whereas the 2021 calculation is based on real GDP at market prices. Moreover, contrary to the claim, India is still the third largest economy in terms of PPP after China and US. And also as per the same IMF report, India initially r...
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 9 June 2022. FACTLY (India) looked into it and published its finding on 13 June 2022, 4 days later. Its rating was “MISLEADING”.
Where the claim appeared
Links recorded by FACTLY. Some posts may have been deleted since.
This check was done by FACTLY, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.