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The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 136th by GDP (nominal) and 125th by GDP (PPP).
- 1 April – 31 March
- $2,612 (nominal; 2023 est.), $9,183 (PPP; 2023 est.)
- 7.2% (FY2022-23), 6.3% (FY2023-24)
- Indian rupee (INR, ₹)
Economic liberalisation in India. The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption -driven.
according to International Monetary Fund estimates [n 1] [1] Countries by nominal GDP in 2019 [n 2] > $20 trillion. $10–20 trillion. $5–10 trillion. $1–5 trillion. $750 billion – $1 trillion. $500–750 billion. $250–500 billion.
India, officially the Republic of India (ISO: Bhārat Gaṇarājya),[21] is a country in South Asia. It is the seventh-largest country by area; the most populous country as of June 2023;[22][23] and from the time of its independence in 1947, the world's most populous democracy.[24][25][26] Bounded by the Indian Ocean on the south, the Arabian ...
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The India-Middle East-Europe Economic Corridor ( IMEC) is a planned economic corridor that aims to bolster economic development by fostering connectivity and economic integration between Asia, the Persian Gulf and Europe.
- IMEEC
- India, UAE, Saudi Arabia, Israel, Greece
- 10 September 2023; 32 days ago
- Promote economic development and inter-regional connectivity
Largest economies in the world by PPP GDP in 2024 according to International Monetary Fund estimates [1] GDP (PPP) by country in 2022 according to the IMF. GDP (PPP) means gross domestic product based on purchasing power parity. This article includes a list of countries by their forecast estimated GDP (PPP). [2] .
Map showing the location of airports and seaports in India. In India, ports are categorised into major ports and non-major ports (informally called minor ports). As of 2022, there are 12 major ports and 217 non-major ports across the country. Major ports are under the administrative control of the Ministry of Ports, Shipping and Waterways of ...
