Stats for Indian Economy

 - Hey there,

Okay, so first of all  I'm not writing this post because I love India or due to my patriotic feelings.

This is post based on real statistical data which shows that Indian economy is growing expeditiously and will grow only in the upcoming years.  These are just few but important points to consider.

Currently, India is the 6th largest economy behind the US, China, Japan, Germany and the UK.

1. As per the recent IHS Markit, India to surpass Japan as Asia's 2nd the largest economy by 2030.

2. India's nominal GDP is forecast to rise from $2.7 trillion in 2021 to $8.4 trillion by 2030.

3. India's consumption expenditure will double from $1.5 trillion in 2020 to $3 trillion by 2030. India's middle class is going to spend more and more in the upcoming years.

4. For the full fiscal year 2021-2022, India's real GDP growth rate is projected to be 8.2%.

5. The Indian economy is forecast to grow at 6.7% in the 2022-2023 fiscal year.

And the last one, but the most important factor in the growth of Indian Economy is India's Highest Demographic Dividend. India's young population will be the most efficient factor for growth of this country.