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INDIA RANKS 17 AMONG 23 IN ECONOMIC WELL-BEING: ADB.
NEW DELHI, August 1 Asia pulse - Nine per cent gross domestic product (GDP) growth may not mean much for the masses, going by an Asian Development Bank (ADB) study which says India is ranked 17 among 23 when economies are compared based on a measure of people's economic well-being.
Emerging economic power and neighbour China doesn't fare much better either as the communist country is ranked just two slots above at 15.
According to International Comparison Program (ICP) in Asia and the Pacific's Purchasing Power Parity Preliminary Report, China and India account for 64 per cent of total real GDP of the 23 economies participating in the study.
However, if the size of these economies is adjusted by population, China and India drop down to 10th and 18th positions respectively in ...
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