Now a year ago, India will become the third superpower of the world, revealed in the report

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Now a year ago, India will become the third superpower of the world, revealed in the report


Photo:India TV India will become the world’s third superpower just a year ago

Highlights

  • India is the fifth largest economy country in the world
  • It is expected to become the third largest economy in the world by 2029.
  • Growth in growth rate since 2014

Indian Economy: Corona derailed in time Indian Economy Has made a big comeback. There is also a steady increase in the growth rate of the country. According to a recently released report, India has Britain It has won the title of the world’s 5th largest economy. Now another good news is coming out. SBI Ecowrap Report India is expected to become the third largest economy in the world by 2029 due to the path adopted by the country since 2014. The share of India’s GDP now stands at 3.5 per cent, up from 2.6 per cent in 2014 and is expected to surpass Germany’s current share of 4 per cent in global GDP in 2027.

Growth in growth rate since 2014

India has gone through a major structural change since 2014 and is now the 5th largest economy. The report said, “The path followed by India since 2014 shows that India is likely to get the tag of 3rd largest economy in 2029. India’s economy was ranked 10th in 2014. India to 2027 Germany must be overtaken.”

India’s GDP growth in the first quarter of 2023

The report said that India is likely to benefit in the coming days as China is slow in terms of new investment intentions. India’s GDP growth in the first quarter of 2023 was 13.5 percent. At this rate, India is likely to be the fastest growing economy in the current financial year. Interestingly, India’s GDP growth rate for FY13 is estimated at 7.7 per cent from 6.7 per cent currently, which is a good sign.”

In a world ravaged by uncertainties, we believe growth of 6 to 6.5 percent is the new normal. Yet we have a passionate urge to update the IIP Basket which is made up of a 2012 product set and is hopelessly out of date.

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