INDIAN ECONOMY
India's economy is world fifth biggest economy and it is on 1st when we talk about fastest growing economy.
India is at seventh place in terms of area. India economy is a mixed economy in which private and public sector co-exist. India's economy is middle income the economy of sheen bazar is an economy sight. According to Sangal medison India is from the first economy in the middle of tenth century and India was a strong Economy at that time. India's G.D.P was contain a part of 32.9% of World G.D.P. In British There is a very big decline of Indian economy or we can say that there was a combustion of indian economy in this era India was mere ruin only. After 1947 paid more attention to socialist system.
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Policy of liberalization and economic reforms implemented and indicate toward the strong economy. From 1951 to 1991 the proction growth rate was increased by 4.34 . From 1991 to 2014 Indian Economy was 2trillion Dollar and i.e is write by Sitaraman office onm tweeter. From world 10th Economy to India 5th biggest economy. In 2022-23 India is known as Bright spot in Global economy.
Now India's economy is 3.75 Trillion Dollar and it was 2Trillion Dollar in 2014. In 2021 according to Center serve, more than 66 million Indians are placed in middle class and 16 million in upper middle class. In2021 according to India's PPP in Global GDP India share 10.22 percent reached and approximately it is 10,510 Billion Dollar
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1.GDP growth rate:- 1.90% Jan 2023
2.Gross domestic product annual high tax:- 7.80% Jan 2023
3.Gross domestic product:- 3.5trillion USD Dec 2022
4. GDP per capita:- 2301.418 USD Dec 2022
5.GDP per capita per person:- 7096.34 USD Dec 2023
6.All year around GDP limit of:- 7.20% Mar 2023
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