According to the IMF World Economic Outlook (October 2024), India's GDP growth rate in 2024 is projected at 7.021%. India is at 7th position out of 194 economies. With a 8.153% expansion in 2023, India is at the 8th position. It is second fastest growing Asian economy. As per the ...
NEW DELHI, July 4 (Xinhua) -- India's gross domestic product (GDP) growth is projected at 7 percent in financial year 2019-20, according to the Economic Survey tabled in country's Parliament on Thursday. The report prepared by chief economic adviser to Indian government K V Subramanian was...
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...
NEW DELHI, Oct. 16 (Xinhua) -- The International Monetary Fund (IMF) has in its latest "World Economic Outlook (WEO) slashed India's GDP growth rate for the current year to 6.1 percent from 7.3 percent it had projected in April. The international body in its report on Tuesday also stat...
India's economic growth in 2024 remains strong with a projected 6.5-7% GDP growth rate, driven by industrial, trade, and employment gains. The country achieved a record in digital payments and led Asia in IPOs. Significant diplomatic efforts and defense investments further bolstered its global st...
India’s GDP grew by 6.7% year over year in the first quarter of fiscal 2024 to 2025 (that is, the quarter from April to June 2024), aligning with our projected range of 6.5% to 6.7%.6Although this marks the slowest growth in five quarters, the Indian economy showed resilience, especi...
India is one of the fastest-growing economies in the world, driven primarily by its service, industrial, and agricultural sectors. It was projected to be the world’s fifth-largest economy in terms ofnominal gross domestic product (GDP)as of May 2024.1 ...
The latest Economic Survey, published in July, projects 6.5-7.0% GDP growth in fiscal year 2024/25 (April-March). This would keep India among the top economic performers globally. Regarding politics, Prime Minister Narendra Modi won a third straight term at this year’s general election, but...
Buckle up, because India isn’t just racing on the path of economic transformation; it’s blazing a trail. We’re talking about a nation that has evolved from contributing just 6.3% of global GDP growth in 2007 to a projected 17.4% by 2028. The underdog is gaining ground on China...
For the full year 2023-24, real GDP growth is projected at 6.5 per cent by the Reserve Bank. The innate resilience of the Indian economy could be attributed to its well diversified economic structure. Although India has made rapid strides in external openness through trade and financial ...