Ahead of Union Budget 2024, India Aims to be a $7 Trillion Economy | Vantage with Palki Sharma

Ahead of Union Budget 2024, India Aims to be a $7 Trillion Economy | Vantage with Palki Sharma

Indian government has projected that the country will maintain a growth rate of 7 per cent till 2025. If the present momentum continues, the country's Finance Ministry predicts that India can become the world's third largest economy by 2030. This report comes as the government gears up to present the interim budget this week. Palki Sharma tells you more.

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India | Economy | Budget | $7 Trillion Economy | Prediction | Firstpost | World News | Vantage | Palki Sharma

#india #econom #budget #prediction #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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[tenzinnyima]

I am a Tibetan, I grew up in India although I live abroad now. I visit back home in India every other year these days. I want to see India grow and kick China's behind. So I want to make this big request, those who are at the policy making level, please do not mess up this big opportunity. As much as I love India, sometimes India's politics acts like auto-immune disease. Please, seize this opportunity and run with it. I am a big believer, India can be a very good example to the rest, unlike US, China or Russia. Jai Hind. Free Tibet. Thank You.

[thomasthomasphilp]

Huge respect for India, China and Indonesia to grow at this rate after almost 300 years of loot by Europeans.

[KishorbhelSekar]

"Modi hai toh mumkin hai"👌👌👌👌

[rathanapparathanappa]

Wow INDIA touching 7trillion dollars in 5 years. Is remarkable & an accomplishment. This aim of goal propelling & poising has to be met.

[otislis]

I like the India people I would not be afraid to live in India.I think they are GREAT PEOPLE

[SuvasAryan]

Lets hope the best for India .
Edit: I have learnt today that hoping best for my country is bad.

[HaiDuongLe-ip]

Hope India could do it, it is good for everyone, bigger pie, more buying power to buy goods and services

[PuneethBedre]

India is doing several things right, such as massive tax breaks to large organisations such as tata to build home grown industries such as semi conductors. Time will tell if it goes to plan, but I hope it does. Semi conductors are incredibly important for the countries progress

[arivaz]

India must minimise corruption n keep inflation Low ! Meritocracy - must employ the best n brightest regardless of race religion or language! Follow the success of smart cities like Singapore, Zurich, Oslo, Amsterdam, geneva etc

[sainidinesh]

Chinese bots are coming in comments section 😂😂😂

[geethakrishnafilmschools]

Smart Palki Sharma Upadhyay 👍pastel Green

[davidcorrea]

It is possible as it is written in Deutoronomy chapter 28
Let us keep God's word.

[kirtigupta]

Assuming India is $4 tn by the end of 2024 and at 7% growth, GDP will grow to $6 tn by end of 2030.
Important factor to consider is, Rupee shouldn't depreciate against Dollar. If it depreciates even 10% over the next 7 years then, GDP will be around
$ 5.5 tn assuming 7% growth.

[Jdoizoyg-ocoyyo]

India trying to Speedrun its economic growth 📈 💹

[JefChen.]

China's GDP 2023
= $19.21 trillion

India's GDP 2023
= $3.73 trillion

China's central, provincial and local government debt = 72% of GDP

India's central, state and local government debt = 88% of GDP

China's overall debt aka national debt (government + corporate + household) = 278% of GDP or $52 trillion

India's overall debt aka national debt (government + corporate + household) = 879% of GDP or $31 trillion

China's external debt (debt in foreign currencies) = $1.35 trillion or 7% of GDP

India's external debt (debt in foreign currencies) = $663 billion or 19% of GDP

China's foreign exchange reserves = $3.6 trillion or $3, 600 billion

India's foreign exchange reserves = $583 billion

China's budget deficit
= 0.7% of GDP

India's budget deficit
= 6.9% of GDP

FDI into China for the first half of 2023 = $189 billion

FDI into India for the first half of 2023 = $37 billion

China's FDI to other countries for the first half of 2023 = $157 billion

India's FDI to other countries for the first half of 2023 = $12 billion

China's merchandise exports 2023 = $3.89 trillion

India's merchandise exports 2023= $411 billion

China's merchandise trade balance 2023
= $881 billion surplus

India's merchandise trade balance 2023
= -$205 billion deficit

China's savings rate
= 47%

India's savings rate
= 5.1%

China's credit rating
= A+

India's credit rating
= BBB-

[rohitdwarampudi]

Land acquisition should be made easy...Land reforms urgent attention needed
Especially in South India DKT, DOTTED lands...State govt initiatives are failing inspite of land reforms procedure remains the same..

[dushtsikshana]

I am really hoping to see a public-private partnership especially managing the lower level administrative layer which is the most sluggish. Govt could allow private companies in the lower level administrative layer and let the public servants act as the regulators/approvers of the work done by the private sector.

[VasuKhandelwal-ob]

It is top concentrated growth. Purchasing power of middle class is decreasing instead of increasing.

[divyamsingh]

India needs to grow at 12% nominal GDP growth for 7 trillions in 2030 15% for 10trillions and 10% for 6.5 trillion.

[JefChen.]

India 🇮🇳 has 18% of the world's population as of today but with just 4% of its water. By 2050, there could be 1.7 to 1.8 billion Indians while climate change would turn India's Gangetic Plain into an extention of the Thar Desert stretching from Rajasthan all the way to West Bengal and Punjab in the North all the way to Karnataka 😂
What is Modi doing to prepare India?
He is busy telling Indians about Superpower India 2030