India Beats All G7 Countries in Exports Growth in the year 2020-21 says UN report. Now India contributes 1.6% of total world export in 2000 it was 0.4%. It is predicted that the percentage will grow more by 2030. UN-predicted that by 2030 the contribution of India will be double-digit. Under the leadership of the new regime, Mr. Narendra Modi India is achieving new heights Make in India movement is helping India very much.
Can India beat China in exports?
Right now it seems to be very difficult for India to defeat China in export (not growth). Last year in the pandemic many companies decided to move out of China and many came to India because India has skilled and cheap labor that earlier china had but now it doesn’t have. India is a better alternative for China, labor is also very cheap in India but now China has high/expensive labor costs.
How did India achieve this much growth in just 7 years?
India hasn’t achieved this much in just 7 years India is working for a very long time and right due to the new regime India is able to represent it properly. Great decisions taken new PM is benefiting them now. Privatization policy by the new gov is superficially benefiting the citizen and the economic condition of the country, government support for startups and make in India has played an important role.
Indian Economy
India will continue to be the world`s fastest-growing major economy, clocking to a growth rate of 9.5 percent. This fiscal year and 8.5 percent in the next, according to the International Monetary Fund (IMF) projections released on Tuesday. Indian economy is always compared with an elephant it is very huge but when it walks every pay attention.
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Oh wow
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