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[8] [1] [11] Among others, India has also experienced an economic boom since the implementation of economic liberalisation in the early 1990s. [ 12 ] The first list includes estimates compiled by the International Monetary Fund 's World Economic Outlook, the second list shows the World Bank 's data, and the third list includes data compiled by ...
Countries by real GDP growth rate in % for 2024 (IMF WEO database) ... India: 6.5 Indonesia: 5.0 ... Real GDP growth rate (%) Country 2013 2014 2015 2016
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]
The Indian Finance Ministry presented a fiscally prudent interim budget in early February, estimating that the fiscal deficit for the financial year 2025 would narrow to 5.1% from the revised 5.8% ...
2024 GDP (nominal) in billions — Asia: 42.72 trillion: 1 China: 18.53 trillion [2] 2 Japan: 4.07 trillion [3] 3 India: 3.88 trillion [4] 4 Russia: 2.0 trillion 5 South Korea: 1.76 trillion 6 Indonesia: 1.47 trillion 7 Turkey: 1.3 trillion 8 Saudi Arabia: 1.11 trillion 9 Taiwan: 803.0 billion 10 Thailand: 548.9 billion 11 Israel: 530.6 billion 12
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
Data from the Commerce Department early Thursday showed GDP fell at an annualized rate of 0.9% last quarter, after U.S. economic activity unexpectedly fell 1.6% in Q1. Two straight negative GDP ...
List of country groups by GDP (nominal) in 2024 (or at peaked level) List of country groups byGDP (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 ...