{"id":7,"date":"2023-07-15T21:21:48","date_gmt":"2023-07-15T20:21:48","guid":{"rendered":"https:\/\/breakingglobe.com\/?p=7"},"modified":"2023-08-07T10:52:41","modified_gmt":"2023-08-07T09:52:41","slug":"indian-economy-2023-2024","status":"publish","type":"post","link":"https:\/\/breakingglobe.com\/index.php\/2023\/07\/15\/indian-economy-2023-2024\/","title":{"rendered":"Indian economy 2023-2024"},"content":{"rendered":"\r\n<ul class=\"wp-block-list\">\r\n<li><strong>The Indian economy is the fifth largest in the world by nominal GDP and the third largest by purchasing power parity.<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>The economy is growing at a rapid pace, with an average growth rate of 6-7% in recent years.<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>The main drivers of growth are the services sector, which accounts for about 54% of GDP, and the manufacturing sector, which accounts for about 29% of GDP.<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>India is a major exporter of services, such as IT and IT-enabled services, and it is also a major exporter of goods, such as textiles and gems and jewelry.<\/strong><\/li>\r\n\r\n\r\n\r\n<li><strong>The Indian economy is facing some challenges, such as high levels of poverty and inequality, but it is also making progress in areas such as education and healthcare.<\/strong><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Here are some specific details about the Indian economy:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>GDP:<\/strong>\u00a0The nominal GDP of India was estimated to be $3.75 trillion in 2023. The purchasing power parity (PPP) GDP of India was estimated to be $13.033 trillion in 2023.<\/li>\r\n\r\n\r\n\r\n<li><strong>Growth rate:<\/strong>\u00a0The average GDP growth rate of India was 6.9% in the fiscal year 2022-23.<\/li>\r\n\r\n\r\n\r\n<li><strong>Sectors:<\/strong>\u00a0The services sector is the largest sector in the Indian economy, accounting for about 54% of GDP. The manufacturing sector is the second largest sector, accounting for about 29% of GDP. The agriculture sector is the third largest sector, accounting for about 16% of GDP.<\/li>\r\n\r\n\r\n\r\n<li><strong>Exports:<\/strong>\u00a0The top exports of India are services, such as IT and IT-enabled services, and goods, such as textiles and gems and jewelry.<\/li>\r\n\r\n\r\n\r\n<li><strong>Imports:<\/strong>\u00a0The top imports of India are machinery and equipment, fuel, and chemicals.<\/li>\r\n<\/ul>\r\n","protected":false},"excerpt":{"rendered":"<p>Here are some specific details about the Indian economy:<\/p>\n","protected":false},"author":1,"featured_media":68,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/breakingglobe.com\/wp-content\/uploads\/2023\/07\/PM-modi.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/7","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/comments?post=7"}],"version-history":[{"count":4,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/7\/revisions"}],"predecessor-version":[{"id":69,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/posts\/7\/revisions\/69"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/media\/68"}],"wp:attachment":[{"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/media?parent=7"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/categories?post=7"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/breakingglobe.com\/index.php\/wp-json\/wp\/v2\/tags?post=7"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}