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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]
However, this will not severely impact state domestic product as India's overall population is also expected to decline. [5] Today, South India has about 20% of India's population, and contributes about 31% of India's GDP; it is projected to contribute 35% by 2030. [6]
Gold has hit several all-time highs this year and sees little likelihood of slowing down. The spot price for gold on July 26, 2024, was $2,387.04 per ounce as compared to $2,043.05 on January 1, 2024.
Averaging an economic growth rate of 7.5% for several years prior to 2007, [307] India has more than doubled its hourly wage rates during the first decade of the 21st century. [317] Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. [ 318 ]
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in USDs and have not been adjusted for inflation.
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... India: 6.25 0.25: 7 February 2025 [45] 4.70 1.55
Its objective is to capitalize variously distributed incomes and costs by 'discounting' them to their 'present value' (PV). That is, an income at a future date has a lower certainty than an immediate income by its assumed rate of risk. If $0.9091 is banked today at an interest rate of 10%, its value at the end of a year would be $1.00.
The economy of Punjab is the 16th largest state economy in India with ₹ 8.02 lakh crore (US$92 billion) [1] in gross domestic product (GDP) for the 2024-25 fiscal year.It's per capita GDP ranks 19th amongst Indian states with US$3,338 (264,000).
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