India 12th wealthiest nation in 2005, says World Bank

WASHINGTON: India has emerged as the 12th wealthiest nation in the world with its GDP touching 785.47 billion dollars or Rs 35,34,615 crore in 2005, calculated by the World Bank.

US was the wealthiest nation with GDP of 12.46 trillion dollars, according to a list of 15 wealthiest countries prepared by the World Bank in terms of their gross domestic product.

The GDP figures have been adjusted to reflect purchasing power.

While India was way down compared to China, positioned fourth with 2.23 trillion dollars of GDP, it was wealthier than Mexico, Russia and Australia.

The first nine countries had GDP of more than a trillion dollars.

The United States was followed by Japan with 4.51 trillion dollars and Germany 2.78 trillion dollars.

Britain, France and Italy occupied fifth, sixth and seventh ranks with GDP of 2.19 trillion dollars, 2.11 trillion dollars and 1.72 trillion dollars, respectively.

Next came Spain, Canada, Brazil and South Korea with their GDP estimated at 1.124 trillion dollars, 1.115 trillion dollars, 794.10 billion dollars and 787.62 billion dollars, respectively.

There was no African country among the 15 richest nations, while India was the only south Asian country in the list.