Indian economy
Understand the Problem
The question is a broad inquiry into the Indian economy, likely seeking information regarding its structure, performance, sectors, or recent developments.
Answer
India is the world's fifth-largest economy, expected to become the third-largest by 2027.
India is the world's fifth-largest economy by nominal GDP and is expected to become the third-largest by 2027. Its GDP grew by 8.15% YoY in fiscal 2023-2024.
Answer for screen readers
India is the world's fifth-largest economy by nominal GDP and is expected to become the third-largest by 2027. Its GDP grew by 8.15% YoY in fiscal 2023-2024.
More Information
India has a developing mixed economy with significant growth in recent years, driven by robust domestic demand and strong investment activities.
Sources
- Economy of India - Wikipedia - en.wikipedia.org
- India Overview: Development news, research, data - World Bank - worldbank.org
- India’s Economy Growth Rate, GDP & Economic Structure Insights - ibef.org
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