India’s genuine GDP is consistent with the capita figure, which puts it in 152nd place in the world.
India is expected to be the world’s fastest developing economy by 2022.
India’s GDP in 2023 will be $3. 55 trillion. Since the 2020 COVID pandemic, the country has recovered by 33%.
Traditionally, India’s most important industries have been iron and steel, textiles, jute, sugar, cement, and paper. Recently, other industries have also started to take over the Indian economy. These are petrochemicals, automotive, data technology, as well as banking and insurance. .
The largest contributor to India’s GDP is the sector, which accounted for 61. 5% of GDP. The second largest contributor was the commercial sector (23%), followed by the agricultural sector (15. 4%).
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Government of India, Ministry of Statistics and Programme Implementation. “13. 3 Gross Product”.
Government of India, Ministry of Statistics and Programme Implementation. “Methodology for compiling quarterly GDP estimates”. Pages 1-2.
Government of India, Ministry of Statistics and Programme Implementation. “Frequently Asked Questions About the Industrial Production Index (IIP). “Pages 6, 8.
The CIA’s global data book. ” India: economy”.
Government of India, Ministry of Statistics and Program Implementation. “Preliminary estimates of annual GDP for 2023-2024 and quarterly estimates of GDP for the fourth quarter of 2023-24”.
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Government of India, Ministry of Statistics and Program Implementation. “Statement on the timing of publication of annual and quarterly GDP estimates and the conditions for revising annual and quarterly GDP estimates and related macroeconomic aggregates. ”
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India Foundation for Brand Equity. “Industries”.