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As of my last update in January 2022, India’s economy has been a dynamic mix of growth opportunities and challenges.
However, for the most accurate and up-to-date information on India’s economy, I’d recommend consulting recent sources
such as government reports, economic journals, or reputable news outlets.
They can provide insights into factors such as GDP growth, inflation rates, unemployment figures, government policies, and international trade dynamics that shape the current state of India’s economy.
India is on track to become the world’s third-largest economy by 2027, surpassing Japan and Germany, and presents potential investment opportunities.1- From favorable demographic trends to the realignment of global supply chains, India stands at the nexus of two transformative mega forces.
- Earnings expectations and the 2024 election present potential growth opportunities for Indian stocks.
India is poised to become the world’s third largest economy by 2027, surpassing Japan and Germany.2 For Investors, this means signs of a potential opportunity. India, with expected GDP growth of at least 6% over the next five years, is separating itself from both the broader emerging market cohort and from slower-growing developed markets. 3 In this paper, we look at the near-term benefits to investors and structural investment appeal of India, weigh potential risks, and discuss ways investors may access India’s growth potential via ETFs.
India has the fastest GDP growth in the world
India’s GDP growth surges to 8.2% in FY 2023-24; Q4 growth at 7.8%
New Delhi: India’s economy grew by 8.2 per cent in the financial year ended March 2024, sharply higher than 7 per cent expansion recorded in the previous year, led by a robust performance of manufacturing and construction sectors, official data showe…
India’s “big government” targets high growth
After 2008 india GDP increase day by day ……
Hours after India’s posted stellar numbers, finance minister Nirmala Sitharaman in a post in X called the 8.2 per cent GDP growth in 2023-24 as ‘remarkable’ and said the momentum will continue in the “third term of the Modi Government”.
Today’s GDP data showcases robust economic growth with a growth rate of 8.2 per cent for FY 2023-24 and 7.8 per cent for the fourth or March quarter of FY 2023-24. “This remarkable GDP growth rate is the highest among the major economies of the world,” Sitharaman said in a post on X.
What Other Steps Taken By Our PM For GDP…
The steps a Prime Minister might take to boost GDP can vary depending on the economic context and the specific challenges faced by a country.
However, some common strategies include:
1. **Investment in Infrastructure**: This can include projects like building roads, bridges, ports, and airports
which not only create jobs but also improve the efficiency of the economy.
2. **Encouraging Foreign Direct Investment (FDI)**: PMs might work to create an environment that attracts foreign investment through policies
ike tax incentives, streamlined regulations, and investment-friendly laws.
3. **Promoting Innovation and Research**:
Supporting research and development in key industries can lead to technological advancements and increased productivity, which are essential for long-term economic growth.
4. **Boosting Exports**:
PMs may implement policies to support exporters, such as providing subsidies, negotiating trade agreements, or investing in trade promotion activities.
5. **Education and Skill Development**:
Investing in education and training programs can help create a skilled workforce that is essential for productivity and innovation.
These are just a few examples of the steps that a Prime Minister might take to boost GDP
The effectiveness of these measures can vary depending on the specific circumstances of each country and the broader global economic environment.
Prime Minister Narendra Modi is a tall example of a strong and decisive leader who can deliver what he promises.
Modi ki Guarantee covers a wide range of promises across sectors, citizens, and schemes.
means a steadfast commitment to the welfare of the people.
Modi ki Guarantee means a Viksit Bharat, Ek Shrestha Bharat.
It is a guarantee for the development of the youth, empowerment of the women, welfare of the farmers
, And All those marginalized and vulnerable who have been ignored for decades.
Per Capita Income….
Global GDP per capita increased by an average of 2.3% in 2022, according to the latest World Bank data. Economies such as those of China and India have achieved GDP per capita growth rates well above
The global average in the 21st century despite their populations of over a billion people each.
As per the National Statistical Office (NSO),
the annual per capita (net national income) at current prices is estimated at Rs 1,72,000 in 2022-23, up from Rs 86,647 in 2014-15,
suggesting an increase of about 99%
. In real terms (constant prices)
the per capita income has increased by about 35% from Rs 72,805 in 2014-15 to Rs 98,118 in 2022-23.
Thanku..
