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Reading: India’s 8.4% growth rate in the economy exceeds forecasts.
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Baner Club > Blog > Ecnomics > India’s 8.4% growth rate in the economy exceeds forecasts.
Ecnomics

India’s 8.4% growth rate in the economy exceeds forecasts.

India's major economy continued to grow at the quickest rate in the world in the final three months of 2023, rising 8.4% from the previous year.

Last updated: 2024/03/01 at 8:43 AM
Published March 1, 2024
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The information is released as the nation prepares for this year’s general election.

“The strength of Indian economy and its potential” is what Prime Minister Narendra Modi wrote on the social media site X, which was once known as Twitter.

In the coming years, India is expected to surpass Germany and Japan to become the third-largest economy in the world.

The nation’s manufacturers put up a great show, with the industry growing by 11.6% during the time, contributing to the better-than-expected increase.

The GDP of the nation, which is primarily composed of private consumption, increased by 3.5% as well.

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