Why the Indian Economy is About to OVERTAKE the Rest

Why the Indian Economy is About to OVERTAKE the Rest |
Indian Economy is about to make history! In 2025, India will OVERCOME Japan to become the world’s 4th largest economy with a massive $4.3 trillion GDP! But how did India achieve this economic surge? Can it keep this momentum going? Find out the surprising factors behind India’s rise and its future on the global stage. What’s next for India’s economic power? Watch this Inconnect News report and comment below!

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Indian Economy Rises To 4th Spot In The World |
India’s economic growth is on track to make history as the Indian economy is set to surpass Japan, becoming the world’s 4th largest economy by 2025. With a projected India GDP of $4.3 trillion, the economy of India will overtake Japan’s $4 trillion, securing its place just behind Germany, China, and the United States. The growth trajectory of the Indian economy is poised to continue, making waves in the latest world news and current affairs.

The India economy growth has been propelled by strong sectors such as exports, high-value manufacturing in electronics, semiconductors, and chemicals, and increasing FDI (foreign direct investment). Indian economy news highlights a resilient economy, even with some short-term challenges like inflationary pressures and slight declines in urban demand. However, the government’s push for infrastructure development, domestic manufacturing, and economic reforms is ensuring robust India GDP growth.

In recent times, India vs China relations have also played a significant role in India’s economic ascent. While tensions on the border remain, India’s continued exports and growing influence in global markets are helping to buffer against potential disruptions. As India China relations evolve, India’s economy benefits from increased investments in sectors like defense, infrastructure, and manufacturing. India’s increasing role in world affairs also adds to its economic momentum, as global partners look to strengthen ties with the emerging economic giant.

Prime Minister Modi continues to prioritize economic reforms, with the Indian economy showing resilience despite external factors. As India’s GDP continues to rise, it remains a critical player in global economy and trade discussions. With a targeted goal of $2 trillion in exports by 2030, India is building a powerful economic future.

Stay updated on the Indian economy, India economy growth, and world news here with Inconnect News Insights.

Here are a few questions, leave a comment and have your say:
Can India maintain its rise to become the world’s 3rd largest economy by 2030?
What’s driving India’s $4.3 trillion economic surge?
Will global trade shifts slow down India’s growth?
How will India’s booming exports impact the global economy?
Can India’s economy keep outperforming despite challenges?

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[arivaz]

🙏🥇🌹India must fight Unemployment/ Inflation/ Corruption/ Income Inequality to become 3rd Biggest Economy !

[orbitmotivationwellness]

Yes definitely india become d 3rd largest economy b4 2030. Because indians r hardworking on their goals. Also our Prime Minister is too much focused on this goal. ❤YES V CAN❤

[Tchowdaryuppuluri]

As our indian markets depend on foreign trade hugely, worldwide and domestic stability will always be a critical factor for its development. To avoid this Indian companies and Indian government should collectively work to decrease the imports and these imported industries needs to be addressed very seriously. Self reliance through indigenous manufacturing industries is the key.

[sambapanthangi]

Khangress should allow functioning of Parliament and should stop anti India activities through foreign forces. Deep state is a big trouble. Modi has to fight with domestic threats vs International threats.

[rajeenaidoo]

We should be quietly optimistic and humble about it, so my point is don't speak about it until it happens 😊

[tejvirpaul]

Inflation is not the only reason, rising taxes is I think is a big reason for shrinking pockets 😢😢😢😢😢😢😢😢😢😢

[PrashantSingha-gi]

India is rumored to be the powerhouse in 2025

[ajaykrishna]

Even after almost 35 years of economic liberalization, the Indian GDP is yet to reach the 5 trillion mark, at least the formal economy. There is no doubt that the informal economy still forms a significant % of the actual GDP. The government must implement multiple structural reforms to reduce the informal economy. This is critical to keep the GDP growing at high rates. The multiple reforms must be implemented in direct taxes, indirect taxes, administration, security, legal, monetary policy, etc.

On the direct tax front, its high time for the government to reduce personal income tax rates. There is no point in charging high taxes for individuals, especially the salaried class. Reduced tax rates will lead to better compliance, especially from the business community. This is turn will provide relief to the salaried class. Once PAN 2.0 is implemented, the government must link all tangible & intangible assets to the individuals PAN. This will lead to reduction undeclared income, which in turn will reduce the informal economy. This will naturally lead to higher GDP growth.

On the indirect tax front, its high time to rationalize the GST rates. The GST should have just 4 rates, i.e. 5%, 10%, 15% and 1 high rate slab of 30/35% for luxury & sin goods. Bulk of the goods & services must be in the lower 5% slab. This will lead to better compliance, inturn increasing the GDP. Goods & services in the 10% & 15% must be included mainly for taking ITC. Further, registration for GST must be made mandatory for each & every business. This will lead to increased data & better compliance. However, relief must be provide for small business like annual payment & annual filing of returns, to reduce the compliance burden.

One the administrative front, there is no point in having just 28 states & 8 UT's for a country with the population in excess of 140 crores & growing. Its high time to split large states like Rajasthan, Madhya Pradesh, Uttar Pradesh, Maharashtra, Bihar, etc. Formation of new medium sized states will lead to better governance & administration. This in turn will lead to increase in the economic activity, there by increasing the GDP. This will also lead to job creation, both in the government & the private sectors. Creation of 10-15 new states must be done in the next decade. Ideally, India must have 60 states & UT's by 2050.

On the monetary front, to the government must discourage cash transactions. This can be done by reducing the cash flow in the economy. More than the law, it the implementation that matters. The government can start by restricting the withdrawal of cash to 12-18 lakhs per annum. This will automatically reduce the cash component in the economy. This in turn will increase digital & other forms of payment. Unfortunately, the government is not serious in reducing the cash transaction in the economy. This is invariably leading to a large informal economy.

economy

[wayando]

But ... Lets remember that all the talented Indians are being poached and moving to other countries ... Can't be good.

[sunnylucky]

70 crore getting govt scheme free rations..then how it's true ....most people are poor...rich deserting country...no employment opportunities..tax GST based ecnomy being encouraged..farmers ...being throttled ..to give farming sector to corporate assets sold at low price to friends of fenku

[nagaanantha]

Get the states online with central policies to be top nation in growth, also stop comparing with Pakistan’s which is irrelevant any more