S&P Global: India Set to Become World’s 3rd Largest Economy | World Business Watch | WION
According to s&p global, India is set to become the world’s third-largest economy by the end of this decade. This if its nominal GDP doubles from $3.6 trillion in 2024 to over $7 trillion.
#india #gdp #economy
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30 Comments
Isn't India already the world most advanced and the most powerful superpower since 2020?
Of course! This is a media honour for India: to broadcast its plan or forecast!
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This is totally impossible, to double it in 5 year, the annual growth need to reach 14-15% a year, ok if you think it is 7 years, that the growth rate needs to be about 10%, . Go check what is the growth rate of India now. India 's growth has dropped to 6-7%.
I heard Indians are good at math??? seems totally it is just myth too.
with 7% growth, India GDP in 6-7 years, will be $5.4 trillion to $5.78 trillion
Wow India to become the 3rd largest economy and India's cities still look like slums that lack public toilets.
Anyone here from India got any math in middle school education? tell me how can you double 3.6 to 7 with 6.7% growth in 6 years??
What nonsense are you talking about? India is already a 55 trillion dollar economy and Indians are already celebrating. Please do some research on "India 55 trillion economy", ok? 😁😆😅🤣😂
The global hunger index of India is 111 out of 125 countries and it's GDP/Capita, also known as income per year of an average citizen, has been stuck under the $3000 mark from year 1947 independence till year 2024 and still counting. Now, even the animals, the wolves, are hungry and are resorting to attacking humans in India. It looks like everyone and everything is hungry in India. India is truly a superpower country (Know Your Meme: India superpower by 2020)😁. Meanwhile, the Caste System Overlords, who got themselves rich from exploiting the poor, spent hundreds of millions on his wedding (Ambani). In the Mumbai slums, slum dwellers share the same neighborhood with India’s and Asia's richest man, Mukesh Ambani. Despite being so rich, he did little to help his countrymen, especially those that live just across his mansion. There is an |ndian saying that says "the life of a cow is more valuable than a Dalit/slum dweller." 🤭🤣😂
Wion host 🐕 barking since 1980 🇮🇳💩 will be most hunger index in the 🌎 🗺
Comment section is full of ccp bots 😂
Why the CCP bots crying in the corner? Did the ccp offer bonus food for ranting to these sweatshop owners lol. Can't change facts now can you, so cry ching chongs.
😂😂😂😂😂
To decrease income equality we need to funnel future investments to Tire 2 cities which have an exciting operational airport like Coimbatore, Vijayawada, Mysore, Trichy, Jarsuguda, Raipur, Ranchi, Gwalior, Alwar, Ranchi, vizag, Jabalpur, Hubli, Pune etc and create local employement in every state and decrease population migration to existing 6 Metros.
If we use S&P said India growth with 6.7%, as Modi said India will be a developed nation in 2047, with simple math, India will get its GDP at $16 trillion, cannot even match China GDP now.
I wouldn’t be proud of 3rd, I would be proud if India became 1st & would be very happy if it became 2nd.
let's go !
This was predicted last year itself! Nothing new!
China 's debt to GDP is 82%, India total public debt to GDP is 182%, with interest payment $131 billion in 2024, in 2025 will be 11-12% more and it is 24% of India's budget a year, China's interest payment in budget is 9%
But we become more and more poorer. That means just economic growth is useless without quality development. Only growth is due to high taxes on poor citizens.
I have asked ChatGPT, why India's total public debt is 182% of its GDP but the world only reported it is 89%? did not get a clear answer, but total interest payment cannot lie, for India, it is $131 billion for this year, or 24% of Indian budget. for China, the interest payment is only $177 billion even China's GDP is almost 5 times of India, this amount is only about 4.4% of China's budget which is $4 trillion. The US has debt of 120% of its GDP, interest payment is $ $658 billion, it is only 10% of its budget.
Modi has done it
But when will we lift everyone from Poverty. Rich are just becoming more richer.
Need get 2nd largest manufacturing country status next decade replacing US otherwise India will get stuck middle income trap low growth 7% while China was growing at this stage with 11 to12 % per annum need to increase the manufaturing and Exports.
Kitni bhi report aaye jab tak India me reservation hai tab tak India developed nation nhi ban sakta, gadhe ko ghode ke barabar lane ke liye ghode ke pair bandh do ye sirf India me hi ho sakta hai aur kisi country me nhi.
Fix the rape situation in India. Before to dream about it.
CCP bot 😂😂 firetree
India's GDP is already over 4 trillion dollars in 2024 try to get your facts right
India's richest 1% of the population owns 40% of the country's wealth, and the richest 10% own 77%. Based on this, we can do a calculation using the total GDP to estimate income distribution.
India's total GDP is $3.57 trillion, with the average income (GDP per capita) being $2,550 per year.
If 77% of the wealth goes to the top 10%, that amounts to $2.748 trillion.
The remaining $822 billion (23% of GDP) is shared by the rest of the population, which is 1.26 billion people (1.4 billion total population minus the 0.14 billion in the top 10%).
Now, dividing this $822 billion by 1.26 billion people gives $652.38 per year.
Thus, the bottom 90% of India's population has an average income of about $652 per year, far lower than the national average GDP per capita of $2,550. The real income for many would be even lower due to wealth concentration at the top.
from the calculation we know, for 90% of Indian population, 1.26 billion people, the income is less than $2 a day.
The United Nations defines poverty as an income of less than $2 per day, and the international poverty line is set at $2.15 per day. so that 90% of Indian population live under the UN poverty line on average, certainly among 90% some got higher income, some got much lower, this is just on average.
your rank in 3 means nothing for the 90% of your population.