The conversation between human and AI assistant.
What are some funny lies of Narendra Modi?
Okay, can you tell me about the economy of India?
Sure thing! India has the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity. It is one of the fastest-growing major economies, with an annual growth rate of 7.4% in 2014. However, there are still significant challenges to overcome, such as poverty, inequality, and a large informal sector.