Jan 15, 2024 · On the economic front, India has been a key growth engine for the world, contributing 16% to the global growth in 2023. The country’s growth rate of 7.2% in fiscal 2022-2023 was the second-highest among the G20 countries and almost twice the average for emerging market economies that year.

Feb 19, 2020 · The country's GDP growth has been among the highest in the world in the past decade – regularly achieving annual growth of between 6-7%. This rapid rise has been fueled by a number of factors, according to a 2016 McKinsey Global Institute report, including urbanization and technologies that have improved efficiency and productivity.

Jan 19, 2024 · India’s economy showed robust growth over the past year, IMF stated as it concluded its Article IV Consultation with India in December. “Growth is expected to remain strong, supported by macroeconomic and financial stability. Real GDP is projected to grow 6.3 per cent in FY2023/24 and FY2024/25.”

Jan 7, 2019 · India is at a tipping point, both in terms of economic growth and in the human development of its more than one billion citizens. The country is the sixth largest economy in the world, with a GDP of $2.6 trillion in 2017. Its GDP growth …

Dec 19, 2018 · Outside of India, Phnom Penh, the Cambodian capital, will see the fastest growth at 8.1%, while Dar es Salaam, Tanzania’s economic capital, will lead African cities with 7.8%. The 2018 study looked at 780 cities and estimated that the world’s major urban economies will grow by 2.8% a year.

Apr 13, 2018 · Finally, growth has been broadly resilient to shocks, both domestic and external. The resilience of India’s growth can be attributed to the country’s large and spatially diversified economy, as well as to its diversified production structure that is not dependent on a few products, commodities, or natural resources.

Nov 10, 2021 · India also has a unique opportunity, and an important role, in fostering regional co-operation in South Asia, thus creating new opportunities for growth and prosperity. Amid the ongoing volatility and change, India has a rare opportunity to undertake several policy changes to not only address the short-term public health challenges but also to ...

Oct 4, 2016 · Only 3% of GDP goes towards education and only 1.1% towards health. South Africa spends more than twice as much on education (6.1%) and more than three times as much on health (3.7%). While it’s assessed as more unequal than India, South Africa rates much higher than India in its commitment to reducing inequality.

Nov 5, 2015 · Despite India’s relatively strong record in terms of economic growth over the last decade, its middle class remains small and getting a job is no guarantee of escaping poverty. India must take further action to ensure that the growth process is broad-based in order to reduce the share of the population living on less than $2 a day—many of ...

Aug 14, 2018 · Even though nearly 40% of its population live in various shades of poverty and barely a third are connected to the internet, India is still able to proportionately shoulder the world’s economic burden. Imagine the possibilities for global growth if India can meet, and even exceed, the Sustainable Development Goals (SDGs).