* **India's economy is expected to grow at an average rate of 7.5% per year between 2023 and 2028.** This growth rate is significantly higher than the global average of 3.6%.
* **India's GDP is currently the fifth largest in the world.** However, it is expected to surpass the UK and France in 2023 and Germany in 2024, making it the third largest economy in the world.
* **India's per capita GDP is still relatively low, at around $2,100.** However, it is growing rapidly and is expected to reach $10,000 by 2030.
* **India's workforce is the largest in the world, with over 1.4 billion people.** This young and growing workforce is a major driver of economic growth.
* **India is a major exporter of goods and services.** Its top exports include textiles, gems and jewelry, and engineering goods.
* **India is a major recipient of foreign investment.** In 2022, it received over $60 billion in FDI.
India's economy is growing rapidly and is expected to become the third largest in the world by 2028. This growth is being driven by a number of factors, including a young and growing workforce, a large domestic market, and a favorable investment climate. India's economy is also becoming increasingly integrated with the global economy, which is providing new opportunities for growth.
Here is a table comparing India's GDP to other countries:
| Country | GDP (PPP) |
|---|---|
| United States | $25.3 trillion |
| China | $27.3 trillion |
| India | $10.5 trillion |
| Japan | $5.1 trillion |
| Germany | $4.2 trillion |
As you can see, India's GDP is still significantly smaller than the GDPs of the United States and China. However, it is growing rapidly and is expected to surpass the GDPs of Japan and Germany in the next few years.
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