India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

[pooriduniya]

Sad that some have to fake the news to boost their ego.

Might be not yet but its just a matter of few months if not few weeks, from now.

At the end of this decade we will be close to 8 to 9 trillion for sure.

 

[nahtanbob]

Sad that some have to fake the news to boost their ego.

I expect a lot more of these messages over next few years - not a $4 trillion, not a $5 trillion, not a $6 trillion economy

 

[K_Bin_W]

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

3 min read19 Nov 2023, 01:35 PM IST

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.​

This is the first time the country has reached the $4 trillion milestone
This is the first time the country has reached the $4 trillion milestone
India has made its way into the top four countries globally in terms of GDP, crossing the $4 trillion mark on November 19, ET Now has reported

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

Q2 GDP Surprise

There is a “wide consensus" supported by economic forecasts that real gross domestic product (GDP) growth in the second quarter will turn out to be better than the Reserve Bank of India’s (RBI) projection of 6.5 percent, an article in the central bank’s November bulletin said on November 16.

India’s economy expanded 7.8 percent in the first three months of the financial year and RBI governor Shaktikanta Das recently expressed confidence in the domestic economy.

“Looking at the momentum of economic activity—a few early data points have come in—I expect Q2 GDP numbers which will come at the end of November in all probability will surprise on the upside," Das said on October 31.

The optimism that real GDP growth will be higher than 6.5%, the article said, appears to be supported by corporate results for the September quarter.

Analysts' Opinion​

India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 percent annually in fiscal years 2024-2026, S&P Global Ratings said on November 16.

In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 percent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards, and improved risk-management practices.

The report said that global uncertainties will have a lesser impact on the Indian economy.

Slower global growth and external demand will weigh on economic activity and could fuel further inflation. However, given that India is domestically oriented, the agency expects the economic growth to be less affected, it added.

"Economic growth momentum to continue. India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 percent annually in fiscal years 2024-2026," S&P said.

Meanwhile, Morgan Stanley Research on November 13 said it expects India's economic growth at around 6.5 percent for FY2024 and FY2025, citing strong domestic fundamentals.

The research arm of the investment bank, in its 2024 India Economics Outlook, said the domestic demand supported by strength in corporate and financial sector balance sheets and the follow-through of policy reform measures will aid India's growth amid a global slowdown.

Recently, Moody's Investor Services retained India's economic growth at 6.7 percent for 2023, citing the country's remarkable resilience amid a global slowdown buoyed by solid domestic demand.

The International Monetary Fund (IMF) has also raised its 2023-24 growth projection for India, to 6.3 percent from its July estimate of 6.1 percent, citing stronger-than-expected consumption during Q1. The Reserve Bank of India (RBI) estimates growth at 6.5 percent for FY24.

Government Roadmap

The government’s roadmap to making India a $5 trillion economy comprises measures like focusing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition, and climate action, and relying on a virtuous cycle of investment and growth, minister of state for finance Pankaj Chaudhary said in August.

Responding to an unstarred question in the Rajya Sabha, Chaudhary said that major reforms like Goods and Services Tax (GST), Insolvency and Bankruptcy Code (IBC), a significant reduction in the corporate tax rate, the Make in India and Start-up India strategies, and Production Linked Incentive Schemes (PLIs), among others, will initiate growth of the Indian economy.

Chaudhury said that the Union Budget 2023-24 has taken further steps to sustain the high growth of India's economy, which include a substantial increase in capital investment outlay for the third year in a row by 33 percent to ₹10 lakh crore (3.3 percent of GDP).

India's GDP crosses $4 trillion for the first time, ranks fourth worldwide

This is the first time the country has reached the milestone and marks a significant step towards its $5 trillion economy goal.

www.livemint.com

WTF...only few months ago it was 3, slow down dude at this rate you will leave US in the dust.

 

[Indos]

Just need to check IMF website, there are plenty YT channel that uses IMF data as well. This one has already used October 2023 IMF update

G20 GDP, GDP per Capita 1980-2028 / IMF, October 2023 Data​

 

[pooriduniya]

WTF...only few months ago it was 3, slow down dude at this rate you will leave US in the dust.

Indian GDP crossed 3 trillion mark around 2020-21.

 

[nahtanbob]

Indian GDP crossed 3 trillion mark around 2020-21.

all data in 2020-2022 were messed by coronavirus

 

[Asian.Century]

Why Pakistanis are making fun of Indians, and only specific Indians to what some specific Indian players and people did at first against Pakistan, brutal trolling against India :

https://twitter.com/x/status/1726469420535656795

 

[retaxis]

Indians like to talk about what their gdp will be like in ten years time but don't want to do the work to get there. India was ahead of CHina in the 70s but China put in work and now 2 decades ahead. India needs to stop acting like its already a 30trillion economy and put in work to get there otherwise its just dreams and farts.

On this forum when China became 5tln economy no post, When China become 10trn or 15trn economy no post. When China beats America there will probably be a post. Be humble and work hard and don't act like u are something u might be one day if u work hard enough. Its like a high school student acting like a surgeon because he thinks he will be one but hasn't put in the work yet

 

[CIA Mole]

Indians like to talk about what their gdp will be like in ten years time but don't want to do the work to get there. India was ahead of CHina in the 70s but China put in work and now 2 decades ahead. India needs to stop acting like its already a 30trillion economy and put in work to get there otherwise its just dreams and farts.

On this forum when China became 5tln economy no post, When China become 10trn or 15trn economy no post. When China beats America there will probably be a post. Be humble and work hard and don't act like u are something u might be one day if u work hard enough. Its like a high school student acting like a surgeon because he thinks he will be one but hasn't put in the work yet

there was no “work” needed

china simply embraced capitalism and india didnt

once u embrace free market capitalism prosperity comes through efficiency


its not like indians are that much lazier than chinese or less capable

 

[retaxis]

there was no “work” needed

china simply embraced capitalism and india didnt

once u embrace free market capitalism prosperity comes through efficiency


its not like indians are that much lazier than chinese or less capable

Indian is caste slave society where hundreds of millions are not accessing hot water and living in slums. India is nothing like China as China is unified state for thousands of yrs and India is created by british

once u embrace free market capitalism prosperity comes through efficiency

so why is pakistan not prosperous?

 

[CIA Mole]

Indian is caste slave society where hundreds of millions are not accessing hot water and living in slums. India is nothing like China as China is unified state for thousands of yrs and India is created by british


so why is pakistan not prosperous?

pakistan/india is closer to feudalism than capitalism


china returning to feudalism under teror feudal xi

 

[damiendehorn2]

Might be not yet but its just a matter of few months if not few weeks, from now.

At the end of this decade we will be close to 8 to 9 trillion for sure.

 

[JaneBhiDoYaaron]

Sad that some have to fake the news to boost their ego.

We don’t believe Indian source, it is fake newj.

 

[ST1976]

Indian is caste slave society where hundreds of millions are not accessing hot water and living in slums. India is nothing like China as China is unified state for thousands of yrs and India is created by british


so why is pakistan not prosperous?

a thread Im running about Past GDP on PPP, as below. comparing economy of India and China since 1st century, onwards

The Economic History of the Last 2,000 Years in 1 Little Graph

The Economic History of the Last 2,000 Years in 1 Little Graph That headline is a big promise. But here it is: The economic history of the world going back to Year 1 showing the major powers' share of world GDP, from a research letter written by Michael Cembalest, chairman of market and...

pdf.defence.pk

.

Might be not yet but its just a matter of few months if not few weeks, from now.

At the end of this decade we will be close to 8 to 9 trillion for sure.

we share a risk during this decade that 1.0US$ may level 1.0Ruble.....
American government is manipulating US$ value at present.
at present, 1.0US$ won't be more than 1.0 Yuan

 

[Syed_Adeel]

the guy I was replying to wasn't asking a question, he was just trolling without any basis , his arguments were based on assumptions rather than facts , all of which were factually incorrect , to look for genuine questions, there are many others in this thread who have put forward their views factually and respectfully.

its alrigh dear, I got it. I could not follow the past thread posts.