How does the Indian economy affect the world in today's scenario?
Understand the Problem
The question is asking about the current impact of the Indian economy on the global economy. It seeks an analysis of the present scenario and how India's economic activities influence worldwide markets and economies.
Answer
India's economy contributes 16% to global growth, growing at 7.2% in 2022-2023, influencing global markets.
India's economy contributes significantly to global growth, accounting for 16% in 2023, with a growth rate of 7.2% in fiscal 2022-2023, and is expected to become the world's third-largest economy, influencing global markets and economic trends.
Answer for screen readers
India's economy contributes significantly to global growth, accounting for 16% in 2023, with a growth rate of 7.2% in fiscal 2022-2023, and is expected to become the world's third-largest economy, influencing global markets and economic trends.
More Information
India's economy is pivotal for global economic growth, providing a significant share of growth and showing resilience despite challenges. It has a rapidly growing GDP, is a major contributor to global market trends, and has potential to further elevate its international economic position.
Sources
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