India's Growing Economy Attracts Trade and Investment Deals
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India's economy continues to outperform countries like Germany and Britain in terms of GDP (PPP) gains, according to a report by the Delhi-based nonprofit Social Policy Research Foundation (SPRF) . As of 2024, India's GDP (PPP) is 3.6 times that of the UK, 2.1 times that of Japan, and 2.5 times that of Germany . The report highlights that India's share of GDP (PPP) as a percentage of the global GDP at PPP has been increasing, while that of the US, Japan, Russia, and other countries has decreased . This indicates India's growing economic significance on the global stage .
India's strong economic performance is further supported by recent data. The Indian economy grew by 8.4% in the third quarter of 2023-24, driven by double-digit growth in the manufacturing sector and a good growth rat...
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