GDP per capita growth of IndiaGrowth rate (%)-10-10-50510L1961196519691973197719811985198919931997200120052009201320172021YearProjections by IMF YearGDP Growth rate(%) 2023 8.153 2024 7.021 2025 6.461 2026 6.470 2027 6.480 2028 6.489 2029 6.498Estimates...
A second, more novel pillar is services exports, which have reached 10% of GDP. Global trade in services is still growing and Indian IT firms have marketed “global capability centres”—hubs that sell multinationals R&D and services such as law and accounting. 第二个支柱较为新颖,那就是服务...
India: Share of global gross domestic product (GDP) adjusted for Purchasing Power Parity (PPP) from 2019 to 2029 Share of global GDP7.12%7.12%7.02%7.02%7.32%7.32%7.57%7.57%7.93%7.93%8.23%8.23%8.49%8.49%8.76%8.76%9.04%9.04%9.34%9.34%9.66%9.66%201920202021202220232024*2025*2026*2027*2028*2029...
All told, India’s GDP could more than double from $3.5 trillion today to surpass $7.5 trillion by 2031. Its share of global exports could also double over that period, while the Bombay Stock Exchange could deliver 11% annual growth, reaching a market capitalization of $10 trillion in the ...
The analysts added that other factors, such as sluggish capital expenditure, investment activity, slower exports and a significant slowdown in credit growth, further weighed on India's economy. Overall credit growth, which "drives GDP" according to Macquarie analysts, stood at approxim...
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(7.2%). Services exports surged 21.3%. Between April and October 2024, total services exports stood at US$216 billion, compared to US$192 billion in 2023. This growth is crucial given the sector’s significant contribution to India’s GDP and employment, specifically for the urban middle-...
Now in 2024, China's gdp of $18,273 billion is 4.7 times higher than $3,889 billion of India. On a ppp basis, the GDP of China (Int. $37,072 billion) is 2.31x of India (Int. $16,019 billion). China crossed the $1 trillion mark in 1998, while India crossed nine years ...
“India appears to be on the cusp of a growth trajectory similar to China propelled forward by domestic demand along with digital and manufacturing infrastructure development supported by the Indian government. Based on these tailwinds, by 2031, India’sGDPcould surpass $7.5 trillion and its share...
India's GDP grew 6.1%, making it the fastest growing among the world's top economies. A recent Morgan Stanley report predicts that in the next decade India may become the world's third largest economy as well as the world's third largest stock market by 2027. Four key factors-...