With a projected 7 per cent GDP growth rate, India leads global economic recovery
India has emerged as the fastest-growing economy among G20 nations, with a projected GDP growth rate of 7 per cent for 2024, according to recent rankings unveiled at the ongoing G20 summit in Rio de Janeiro, Brazil. This is reported by IANS, a partner of TV BRICS.
India’s stellar performance is followed by Indonesia, with an expected 5 per cent GDP growth, and China, ranked third at 4.8 per cent. This remarkable growth underscores India’s robust economic policies and its ability to navigate global challenges effectively.
Among other G20 nations, Russia is projected to grow at 3.6 per cent, ranking fourth; Brazil, the host of the summit, stands at 3 per cent, alongside the African region. The United States is expected to achieve 2.8 per cent, securing the seventh position.
The source reported that India’s projected economic performance for 2024 not only reinforces its leadership in the G20 but also positions it as a beacon of hope for global economic recovery.
Photo: iStock
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