The Market Mogul Team
Projected Growth Rate: 15% India Pharmaceutical Market Size $48 billion Projected Growth Rate: 22.4% India Economic Statistics & Demographics GDP (PPP): $11.5 trillion Per Capita GDP (PPP): $7,763 Real GDP Growth Rate: 6.6% Population (millions): 1,339 Ethnic Diversity: 72% Indo-Aryan; ...
China and India, history of real GDP expansion since 1980 In the early 1980s, India was richer on a per capita basis than China — India’s population was much smaller than China’s, but its GDP was of similar size. If one pores over statements released by international institutions and ...
India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing pow...
India Cuts Repo Rate, Slightly Lowers GDP Forecast The Reserve Bank of India (RBI) slashed its key repo rate by 25bps to 6% at its April meeting, marking back-to-back cuts of equal amount and aligning with market expectations. The latest rate adjustment brought borrowing costs to their lowe...
while the latter focuses on creating a digital infrastructure, delivering services digitally and increasing digital literacy. High levels of income inequality and complex labour laws remain challenges for the government to tackle. TheIMFis expecting India to register real GDP growth of 7.0% in 2024 ...
Pattern of GDP Growth Rate, Inflation, Interest Rate in Post Reform Period: A Comparative Analysis of India China and USAEconomic GrowthInterest RatePrice LevelProductivityCurrent Account BalanceEconomic growth refers to an ability of an economy to increase its productive capacity through which it ...
What does the level of a nation's GDP and the growth rate of GDP measure? Suppose real GDP was 120 in year 1 and 152 in year 2. What was the growth rate of real GDP? What is the current inflation rate in India based on GDP deflator?
India has become a rising economic power in the 21st century. The number of people living in extreme poverty halved between 2011 and 2019, thanks in part to robust economic growth that has improved overall standards of living.22 India experienced a 6.5% increase in real GDP in the fiscal yea...
The fourth largest in the world, it's a pillar of the Indian economy, contributing 7.5% to the country's GDP. The industry employs almost 37 million people and is on its way to shedding as many as a million jobs in the months ahead because of declining sales, according to the A...