India can become the third largest economy!!!
India can become the third largest economy!!!
To become the third largest economy of the world, india has to climb two places. It has come to light that Germany's economy is slowing down, which is good for India. After America and china, germany is the third largest economy of the world today. Even today, japan is at the fourth position. india is at the fifth position in this list. The government had said at the time of elections that india has to become the third largest economy of the world in this five-year term. To reach this height, india will have to climb two places.
It will also have to be seen how America and china are able to control their economy. The way the situation of japan and germany is getting worse, india can climb towards the third position. After that india can emerge as a big power. According to a report, the US is in first place with an economy of $28.783 trillion, china is in second place with $18.536 trillion, germany is in third place with $4.590 trillion and japan is in fourth place with $4.112 trillion, while India's economy is currently worth $3.942 trillion.
Developmental reforms and rank
india is becoming economically strong. There is a big reason behind this. india has taken many corrective steps in its economic conditions, due to which such a situation is being seen. Corrective steps like GST were taken by India. Many important changes were also made in the tax slab. Filing more number of ITRs can also be an important step. Along with this, india has also shown economic strength by taking steps like Atmanirbhar Bharat.
Make in india also proved to be an important step in the development of India. In 2014, India's economy was at number 10, in 2024 india will become the fifth economy of the world. In about ten years, india has crossed the fifth position. india is now eyeing to get the third position. The indian government is working for this. Foreign investors are also being made aware to invest in India. The situation is improving due to promotion in private sectors as well. The situation in the world is not good right now. There is a war going on between russia and ukraine and Hamas and Israel. Now iran can also join it. There has been a coup in bangladesh after violence.