The economy of Inia, measured in USD exchange-rate terms, is the twelfth largest in the world, with a GDP of US $1 trillion (2008). It had a GDP growth rate of 9.0% for the fiscal year 2007–2008. However, India's huge population has a per capita income of $4,542 at PPP and $1,089 in nominal terms (revised 2007 estimate). The World Bank classifies India as a low-income economy.