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The Indian economy is the seventh largest economy in the world by nominal GDP, and ranks third in terms of purchasing power parity according to the International Monetary Fund. With its low labor and sourcing costs, and a growing consumer base, India continues to be a valuable destination for international investment, and for multinational corporations to find growth. With many Indian entities expanding into international markets, India now features prominently on the world map, both in terms of economic growth, and increasing international regulatory oversight.