China is the world's second largest economy by GDP and largest by purchasing power parity (PPP).
Switzerland has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity.
It has the world's nineteenth largest economy by nominal GDP and the thirty-sixth largest by purchasing power parity.
"The consumer population is large and purchasing power is growing," he says.
It is the world's eighteenth largest by purchasing power parity (PPP) and thirty-second by nominal gross domestic product.
India is the tenth-largest economy in the world and the third largest by purchasing power parity adjusted exchange rates (PPP).
China has the world's second-largest economy by GDP (four times the size of Japan's, five times the size of Germany's) and arguably the largest by purchasing power.
Pension funds also represent a large source of purchasing power, and Ms. Reeser, of the California State Teachers Retirement Systemm, viewed the program positively.
Further, "when income is unequally distributed, large blocks of purchasing power accrue to fortunate individuals under no pressure to spend, and the situation worsens".
As the world's third largest economy on purchasing power parity (PPP) basis, India has been seen as the potential competitor to China for global leadership.
