How much is India ‘above or below’ the growth rate of developed and developing countries?

How much is India ‘above or below’ the growth rate of developed and developing countries?
How much is India ‘above or below’ the growth rate of developed and developing countries?

This is a changing India, this is a new Hindustan. The leadership of PM Modi has given a new dimension to the country. The country’s economy has been lifted from the abyss to the sky. Knowledge Bahadur America, which keeps calling itself a superpower and does not know what, its condition has also been battered in front of India. In this article, we will be aware of India’s height on the ‘ladder of development’ in detail and also know how India is writing a new story leaving behind all the countries of the world.

The country is celebrating the 75th anniversary of independence with full loud noise, in the nectar of independence, the Prime Minister of India has set a target to make India a developed country by 2047, the glimpse of which can be seen from now on. According to the data released recently by the Ministry of Statistics, the country’s GDP growth rate in the first quarter of the current financial year was 13.5 percent, which is the highest quarterly growth rate recorded during the last one year.

Read more: How did India save its economy from sinking?

The ongoing turmoil on the world stage is not only negatively affecting the growth rate of all countries, but many countries have even gone bankrupt, in such a situation, India’s best performance is not only testifying to India’s strong economy but also It is also exposing a solid foundation. This performance of India is not only better than developing countries but also better than many developed countries, which are giving more emphasis to India’s growing credibility.

Keeping this knowledge of the economy in view, we will now make a comprehensive comparison of this performance of India with other developed and developing countries of the world, as well as know what were the reasons which made India an unprecedented contribution in achieving this goal. India’s growth rate in the first quarter of the current financial year has been very good. To catch up with the rate at which India’s GDP has grown in April-June (2022-23) is a challenge for developed countries such as the US, France, Germany and the UK.

It is worth noting that in the first quarter of America, the growth rate in the first quarter was -1.6% in front of India’s current growth rate of 13.5%, which makes it clear that America, who calls itself the chaudhary of the world, is also facing India in front of India. Have to eat Also talk about European countries, their condition is also slim here. Countries like Germany, UK, France, who consider themselves to be Turram Khan, have also succumbed to India’s growth rate. Where Germany’s growth rate was 1.7% year-on-year, the same France and UK’s quarterly growth rates were -0.2 percent and 0.8%.

Moving forward in this sequence, if we talk about developing countries like China, Indonesia, Brazil, South Africa and other developing countries, then the growth rate of their first quarter has been far behind India. According to the report of Trading Economics, Indonesia grew at 5.01% in the first quarter of the current fiscal, while China grew at 4.8% and Brazil at 1.7%.

Overall, such developing countries which can give competition to India’s economy, as well as those called Rising Economy, their quarterly growth rate has become in front of India’s growth rate. The growing economy of India is not only making India a world leader economically, but now the time has come that India should get the membership of the United Nations Council so that India can provide a unique and innovative approach to global peace and welfare.

Read more: India is ‘de-globalizing’ its economy by emphasizing self-reliance

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The article is in Hindi

Tags: India growth rate developed developing countries

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