Indian Economy GDP Growth Rate in 2022 will be 7.5% says World Bank.
Indian Economy GDP Growth Rate in 2022 will be 7.5% says World Bank – India will be the Fastest Growing Economy as Compared to GDP Growth Rate of China which is Estimated to be 4.3% in the Year 2022.
According to recent estimates of World Financial Institutions and Rating Agencies like The World Bank and IMF, the GDP growth of Indian Economy will be the Highest among all Developed and Developing Economies of the World. In-fact, GDP Growth Rate of India will be much Higher than China in the year 2022.
Indian Economy GDP Growth Rate in 2022
Recent publications by most Domestic and International Rating Agencies including the World Bank and the IMF, have lowered the GDP growth rate of India. Despite that, the GDP Growth Rate of Indian Economy is going to be the Highest among all Developed and Developing Countries of the World. It is also estimated that this will be first time when India’s GDP Growth Rate will be Higher than China. This will also get reflected in the Indian Stock Market.
According to Recent Report Published by the World Bank, India’s GDP Growth Rate for the year 2022-23 will be 7.5% as compared to 4.3% of China. IMF too has similar predictions for the Indian Economy.
According to RBI, the Russia-Ukraine War was put adverse affect on world Economies including India. Despite that, because of Strong Fundamentals, the Indian Economy will grow at fastest Rate when compared to other developing countries and GDP Growth of BRICS Countries (Brazil, Russia, India, China and South Africa).
Find more statistics at Statista
GDP Growth Rate of India Since 1980 Till 2027
India GDP Growth Rate Last 10 Years
Year | GDP Growth (%) | Change |
2012 | +5.46% | +0.22% |
2013 | +6.39% | +0.93% |
2014 | +7.41% | +1.02% |
2015 | +8.00% | +0.59% |
2016 | +8.26% | +0.26% |
2017 | +6.80% | –1.46% |
2018 | +6.53% | –0.26% |
2019 | +4.04% | –2.49% |
2020 | –7.96% | –12.01% |
2021 | +8.7% | –0.74% |
2022 | +7.5% | +1.20% |
FAQ on Indian Economy GDP Growth
Is Indian GDP Growing in 2021-2022?
Yes, according to the recently released Provisional Estimates of Yearly National Income for 2021-22, India's GDP showed a growth of 8.7% (Real Terms) and 19.5% (Nominal Terms). This data itself makes India the fastest growing economy in the world.
What is the Economy of India Right Now?
As in 2022, The Indian Economy with GDP of $3.1 Trillion, is the 6Th Largest Economy in the World after - USA, China, Japan, Germany and The UK. In 2022, the Indian Economy is Expected to Grow @ 7.5%.
What was India GDP Growth Rate in the Last Last 10 Years?
I have already Mentioned Here: India GDP Growth Rate in the Last Last 10 Years
Final Words on Indian Economy GDP Growth
With strong economic fundamentals, fast government decisions to make India a 5 Trillion Dollar Economy and Smart work of Indians, the Indian Economy is going to Grow at a Very Fast Rate. Some External and Internal Issues like Pandemics or Wars or Political Activities can Slow Down India’s Growth in Short-Term. But in Long-Term, India is going to develop and grow Fast and the Day is not far away when India will be the 3rd Largest Economy in the world in terms of GDP.
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