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[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
“If you look at the GDP numbers ... India’s poised for ... estimating that the fiscal deficit for the financial year 2025 would narrow to 5.1% from the revised 5.8% for 2024, ... In Other News.
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 125th by GDP (PPP). [58]
GDP (PPP) means gross domestic product based on purchasing power parity.This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
List of country groups by GDP (nominal) in 2024 (or at peaked level) List of country groups by GDP (PPP) in 2024 (or at peaked level) Number of countries Major economies Value (in millions of US$) Share of Global GDP Value (in millions of US$) Share of Global GDP Major advanced economies (G7) (Continents: Europe, North America and Asia ...
The 2024 Union Budget of India [1] was presented by Finance Minister, Nirmala Sitharaman on 23 July 2024. This was the first budget of Narendra Modi led NDA government 's third term . [ 2 ]
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.