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#INDIANECONOMY #GDP #INDEPENDENCE #ECONOMICOUTLOOK #MACROS #INDIA #CHINA Indian Economy GDP:?? ????Cambridge historian Angus Maddison’s work shows that India’s share of world income shrank from 22.6% in 1700—almost equal to Europe’s share of 23.3%—to 3.8% in 1952. ????The Industrial Policy Resolution of 1948 proposed a mixed economy for India. ????The distribution of wealth in 1961, the richest 10 percent had 43 percent of the nation's wealth, the top 1 percent 11.9 percent and the bottom half 12.3 percent despite being talked about socialism during the Nehru era. ????The compound annual growth rate of India's real per capita GDP (in 2011 US Dollars) during the early years of Independence was a mere 1.7 percent. ????The chart below shows that even China under Mao and the USSR, hardly paragons of efficiency, had growth rates well above India's. Credits: MC

According to the UN, India's robust economic growth is fueled by increased investments as more Western companies look to India as an alternative to China. How do you see India's economic landscape growing in the coming years? #economicgrowth #investment #India

?? India Emerges as the World's Fastest Growing Economy! ???? With an impressive 7.8% GDP growth in Q4FY24, India leads the global economic race, outpacing major economies like China, Russia, and the USA. According to IMF projections, India's growth momentum is set to continue, solidifying its position as an economic powerhouse. ?? Stay informed with Lawgical India for more insights on economic trends and financial news. ?? #IndiaGrowth #EconomicGrowth #GDP #FastestGrowingEconomy #IMFProjections #FinancialNews #EconomicTrends #GlobalEconomy #India #LawgicalIndia #FinancialInsights #Economy #IndiaEconomy #GrowthProjections #EconomicPowerhouse #IndiaGDP #BusinessNews #IndiaFinancialNews #FinanceUpdates #IndiaEconomicTrends

India’s Rising Economy: A Double-Edged Sword?? Today, I learned about the exciting news that India is set to become the world’s 4th largest economy in 2025. This news, coupled with my recent studies on GDP and GNP in my CA Foundation Economics chapter, has sparked some interesting thoughts. While GDP growth is a significant metric, it’s crucial to consider its impact on the overall well-being of citizens. As Amit Kumar pointed out, “GDP measures the total value of goods and services produced within a country’s borders. But does it truly reflect the well-being of an entire population?” Let’s strive for a future where India’s economic progress benefits everyone, not just a select few. #GDP #EconomicGrowth #India #Development #SocialJustice #CAFoundation

Exciting news from IMF: India's economic growth projection has been upgraded to 6.8%, surpassing the earlier estimate of 6.5%. This reaffirms India's status as the world's fastest-expanding major economy, outpacing China which is projected to grow at 4.6% during the same period. ??#EconomicGrowth #IMFUpdate #IndiaEconomy

India is set to add $1 trillion to its GDP every 1.5 years, aiming to become a $10 trillion economy by 2032. With this rapid growth, India is projected to be among the top 3 economies by 2030. Let's celebrate India's journey as a global economic bright spot! #IndiaRising #EconomicGrowth #GlobalEconomy #India2024 #GDP #EconomicPowerhouse #FutureEconomy #India2030 #StartNet #BCGAnalysis #WorldEconomy #GrowthJourney

India's Economic Growth Slows Amid Global Uncertainty; Reforms Needed in Land and Labor for 8% Growth Target: The Chief Economic Adviser highlighted that the slowdown in India's economic growth is due to external factors, with the decline of globalization's benefits amid geopolitical and policy uncertainties. The government's Economic Survey projects a growth rate of 6.3-6.8% for the upcoming fiscal year, which is insufficient for achieving the target of becoming a developed nation by 2047. To stimulate growth, India needs deregulation and reforms in land and labor sectors. The survey emphasizes the need for an 8% growth rate and an increase in the investment rate to 35% of GDP to meet long-term economic goals. https://dlvr.it/THj0QG #IndiaEconomy #EconomicGrowth #ReformsNeeded #TaxLaws #News

The World Bank has raised its forecast for India's economic growth this fiscal year to 7%, up from 6.6%. India continues to lead as the fastest-growing major economy. Indian economy on a strong footing! The World Bank has revised upwards its projection for India's economic growth in the current fiscal year, increasing it to 7% from its previous estimate of 6.6%.The Indian economy grew at 6.7% in the first quarter of FY 2024-25, according to government data last week. The slowdown was attributed to reduced government expenditure during the period of national elections. Despite this, India retained its status as the world's fastest-growing major economy, surpassing China's 4.7% growth rate in the corresponding period. #India #GDP #Growth #IndianEconomy #emeraldsworld #marketingagency

The United Nations has raised India's 2024 economic growth projection to 6.9%, driven by strong public investment and resilient private consumption. This is up from the 6.2% forecast in January. For 2025, growth is expected to be 6.6%. Despite global uncertainties, India shows robust growth, with 77% of small businesses reporting growth in 2023. Inflation in India is expected to decrease from 5.6% in 2023 to 4.5% in 2024, staying within the central bank's target range. Labour market indicators in India have improved, and the government remains focused on reducing the fiscal deficit while increasing capital investment. South Asia's economic outlook is strong, supported by India's performance, with regional GDP projected to grow by 5.8% in 2024. Global economic prospects have improved slightly, with the world economy expected to grow by 2.7% in 2024. Key economies like the US, Brazil, India, and Russia show better growth outlooks. Do you think India's economic growth will continue to outperform global averages in the coming years? #economy #india #growth #investment

"The economy is the start and end of everything. You can't have successful education reform or any other reform if you don't have a strong economy" ~ David Cameron India's economy holds a significant importance not just for the country but also for the global community. Nearly 70% of India's GDP is driven by domestic consumption; the country remains the world's fourth-largest consumer market. Apart from private consumption, India's GDP is also fueled by government spending, investments, and exports. What factors do you think majorly affect the Indian economy? Let us know in the comments! #economy #GDP #india #indianEconomy #globaleconomy #iitbombay #ecell #ecelliitb