India Leaving Japan behind has become the fourth largest economy in the world. Chief Executive Officer (CEO) BVR Subrahmanyam of NITI Aayog gave this information on Saturday. He told reporters after the 10th meeting of the NITI Aayog Governing Council that overall global and economic environment is favorable to India. He said, “When I am speaking, we are the fourth largest economy. Today we are $ 4,000 billion economy. Citing the data of the International Monetary Fund (IMF), Subrahmanyam said that today India’s economy is larger than Japan.
These 3 countries are ahead of us
He said, “Only America, China and Germany are bigger than India and if we maintain our plan and thinking, we will be the third largest economy in two and a half years.” Answering a question on the recent statement of US President Donald Trump about iPhone maker Apple, Subrahmanyam said, “What will be the tariff rates, this is uncertain. But the way things are changing, we will be a cheaper place for manufacturing. ”Trump said that the Apple iPhone’s manufacturing in the US will be in America itself, not in India or elsewhere. The CEO of NITI Aayog also said that the second phase of offering properties is being prepared and it will be announced in August.
GDP growth rate may be 6.8%
The GDP growth rate of the country can be 6.8 percent in the fourth quarter of FY 2025. This means that the economy of the country has increased rapidly during this period. Behind this increase is a strong performance of sectors like farming, hotels, transports and constructions. This information has been given in the report of an institution named Carey Ratings. According to the report, shopping of people in villages has increased, which has strengthened consumption. However, shopping trends in urban areas are mixed.
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