Economy of India
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The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. Wikipedia
Country group: Developing/Emerging; Lower-middle income economy; Newly industrialized country
Current account: −$38.7 billion (2021-22)
Ease-of-doing-business rank: 63rd (easy, 2020)
Economic aid: Donor: $4.234 billion (2021) ($30.59 billions Line of Credit in total)
Export goods: Manufacturers 70.8%; Fuels and mining products 17.3%; Agricultural products 11.5%; Others 0.4% (2019);
Fiscal year: 1 April – 31 March
GDP by sector: Agriculture: 16.38%; Industry: 29.34%; Services: 54.27%; (FY 2020-21);
It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th ...
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8 days ago · Still very poor. India's economy was worth $3.7 trillion in 2023, making it the world's fifth largest, having jumped four spots in the rankings ...
Income has increased fast in recent years and millions of Indians have been lifted out of poverty. India has also become a key player in the global economy.
3 days ago · According to the IMF, it is expected to overtake Germany to become the world's third-largest economy by 2027. India overtook Japan in domestic ...
Feb 29, 2024 · India's economy grew at its fastest pace in one-and-half years in the final three months of 2023, led by strong manufacturing and ...
Feb 23, 2024 · Projections indicate that India is poised to surpass Japan and Germany, positioning itself as the world's third-largest economy by 2027, ...
India is largely an agricultural society with a large population depending on agricultural and allied industry for its livelihood and sustenance. With the ...
Improving fundamentals have buoyed our outlook and we expect India to grow between 6.9% and 7.2% through fiscals 2023 to 2024 in our baseline scenario, followed ...
Mar 1, 2024 · “Robust 8.4% GDP growth…shows the strength of Indian economy and its potential,” Modi said on X Thursday. “Our efforts will continue to bring ...
GDP growth (annual %) - India from The World Bank: Data.