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For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015. [needs update] However the growth rate subsequently decelerated, to 7.1% and 6.6% in 2016–17 and 2017–18 respectively, [181] partly because of the disruptive effects of 2016 Indian banknote demonetisation and the Goods and Services Tax (India ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
President Joe Biden inherits an economy suffering from the effects of a pandemic that’s still causing enormous pain throughout the country. While the economy has made a comeback in some areas ...
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
Earlier this week, Biden had said "xenophobia" in China, Japan and India was holding back growth in the respective economies as he argued migration has been good for the U.S. economy.
The economy. By many measures, the economy is in a far better place than it was when Biden took office. The unemployment rate has recovered from its pandemic-era spike and has stayed below 4.5% ...
His presidency had by far the highest GDP growth, more than 1% higher than President Joe Biden thus far. But he also had the highest inflation rate and the third-highest unemployment rate. He is ...
The term "Hindu rate of growth" was coined by the Indian economist Raj Krishna in 1978. It refers to the annual growth rate of India's economy before the economic reforms of 1991, which averaged 4% from the 1950s to the 1980s. [1] Advocates of liberalisation often use this term.