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The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] 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 141th by GDP (nominal) and 119th by GDP (PPP). [58]
India is the fifth largest economy in the world by nominial basis and the third largest by purchasing power parity adjusted exchange rates (PPP). On per capita basis, it ranks 140th in the world or 129th by PPP. The economic growth has been driven by the expansion of the services that have been growing consistently faster than other sectors.
Indian National Congress is the only political party in India, which has experience of running the state government of every Indian states in post-independence Indian history. From the first general election in 1952 when Jawaharlal Nehru led it to a landslide victory, the Congress won in the majority of the following state elections and paved ...
d) Economic: In the economic sphere, Congress blamed the economic policies of the British government that resulted in rising property prices and other economic issues which affected the Indian people. The Congress also put forward certain specific suggestions for the economic improvement of the country and her people.
The coronavirus pandemic led to a recession in the Indian economy. Real GDP per capita grew 39 per cent during 2013–21. For purchasing power parity comparisons, the US dollar is converted at 9.46 rupees. Despite continuous real GDP growth of at least 5% since 2009, the Indian economy was mired in bureaucratic hurdles.
“The bottom line is this: The workforce needs of this nation, they keep growing with the economy that we have, which is booming,” Cavazos said. “25% of the global economy is the US economy.
A number of modern economic historians have blamed the colonial rule for the state of India's economy, with investment in Indian industries limited since it was a colony. [21] Under British rule, India experienced deindustrialization .
Proof of Congress’ ongoing dysfunction is in its current paralysis. Republicans have a few more votes in the House, but they don’t exactly have a governing majority. 1 chart to explain the ...