Indian Economy set to become 3rd largest in the world!

After undergoing a large structural shift in the last eight year, the Indian economy is currently the 5th largest economy in the world after overtaking the United Kingdom As per State Bank of India’s Economic Research Department, India is expected to surpass Germany in 2027 and Japan by 2029 at the current growth rate. Following is the snapshot with the current trends to economy: 1. India is credible to get the tag of 3rd largest economy in the world by 2029. 2. India has leapt past the UK in the last quarter of 2021 to become the 5th biggest economy. 3. The GDP growth of India in the Q1 FY23 was recorded at 13.50%. 4. Currently, the share of India’s GDP is at 3.5%, as against 2.6% in 2014.. India is currently at a booming stage. The Indian economy is forecasted to grow more than 7% this year. Broad-based growth of empowerment is expected to lift India’s per capita income from current levels leading it to be a force multiplier for a better tomorrow. Considering the rapid growth of the economy, large working population and rising business opportunities in India, Amicus too believes that’s “It’s not India’s decade, it’s India’s century” as quoted by Mr. Bob Sternfels, CEO, Mc Kinsey & Co. For more such insights, follow Amicus Growth Advisors #Amicus #economy #growth #research #business #invest #inflation

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