HIGH FIVE
Organiser Weekly|September 18, 2022
INDIA OVERTAKES THE UK AND BECOMES THE FIFTH LARGEST ECONOMY. THIS IS DUE TO PM MODI'S MANTRA OF "REFORM, TRANSFORM AND PERFORM". THE MODI GOVERNMENT HAS ENSURED WELFARE OF THE NEEDY AND LAUNCHED DEVELOPMENT-ORIENTED WELFARE MEASURES DESIGNED TO BOOST DEVELOPMENT
DR VINUSHA REDDY
HIGH FIVE

India becoming 5th largest economy overtaking UK economy at a time of celebration of 75 years of Independence from British colonial rule is a proud moment for every Indian. The significance being India was able to achieve such progress despite the international crisis due to COVID-19 and the ongoing Russia -Ukraine war. India is now expected to attain 3rd position by 2029. Bloomberg analysed the data of the International Monetary Fund (IMF) and prepared a report. The United States remains the world’s largest economy with highest Gross Domestic Product (GDP) followed by China, Japan, Germany and India. India was in 11th position of GDP in 2014. In 10 years, India made significant progress ranking 5th with GDP of 854.7 billion dollars.

BHARAT AHEAD WHILE WORLD RECEDES

Many developed countries are facing inflation and economic recession. GDP of the UK stands at 816 billion dollars. Inflation hit a record level in the UK. The UK recorded just 1 per cent growth of GDP in the second half of the financial year of 2021-22. China is facing a real estate, banking and financial crisis. Europe is having the highest inflation, climate crisis and facing economic recession. The depreciation of the Pound value of the UK, Yen of Japan, Yuan of China, Euro and other currencies are more compared to depreciation of Rupee with Dollar.

この記事は Organiser Weekly の September 18, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Organiser Weekly の September 18, 2022 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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