India Becomes World’s 4th-Largest Economy

-

 


India has overtaken Japan to become the world’s fourth-largest economy, with a GDP size of $4.18 trillion, marking a major milestone in the country’s economic rise. Strong domestic demand, sustained government spending on infrastructure, a growing manufacturing base, and rapid expansion in services have driven this achievement.

The global economic ranking is now led by the United States ($30.5 trillion), followed by China ($19.2 trillion) and Germany ($4.7 trillion), with India closing the gap fast. Economists note that India’s young workforce, digital transformation, and reforms aimed at improving ease of doing business continue to strengthen its growth outlook.

With momentum on its side, India is increasingly seen as a key engine of global growth, positioning itself for further advances among the world’s largest economies in the coming years.

Comments

Post a Comment

Popular posts from this blog

India & Cyprus Sign MoU to Launch UPI Services

-
Image
  India and Cyprus have signed a Memorandum of Understanding (MoU) to introduce Unified Payments Interface (UPI) services in the island nation. The agreement marks a significant step in strengthening bilateral fintech collaboration and expanding India's digital payment ecosystem globally. UPI, developed by the National Payments Corporation of India (NPCI), enables instant, real-time mobile payments and has revolutionized digital transactions in India. With Cyprus becoming the latest partner, this move is expected to boost cross-border financial connectivity and support Indian tourists, businesses, and diaspora in the region. This partnership reflects India’s growing influence in the global digital finance landscape and aligns with its vision of making UPI a global standard for fast and secure payments.
Read more

India is Set to Launch Its First Indigenous Semiconductor Chip, as Five Semiconductor Units Are Under Construction: Ashwini Vaishnaw

-
Image
  India is poised to make a significant breakthrough in the semiconductor industry with the launch of its first indigenous semiconductor chip. Union Minister for Electronics and IT, Ashwini Vaishnaw, recently announced that five semiconductor fabrication units are currently under construction, marking a major step towards self-reliance in chip manufacturing. This initiative is part of India’s broader strategy to reduce dependence on foreign semiconductor imports and establish itself as a global hub for chip production. With substantial investments from both government and private players, the country aims to strengthen its digital infrastructure and support industries like electronics, telecom, and automotive manufacturing. The development aligns with Prime Minister Narendra Modi’s vision of “Atmanirbhar Bharat” (Self-Reliant India) and is expected to boost India’s economy, generate jobs, and attract foreign investments in the technology sector. The launch of the first homegrown se...
Read more

World’s First 3D-Printed Temple To Come Up In Telangana

-
Image
  Telangana, India , is celebrating its formation day, and as part of the festivities, the state is witnessing the construction of the world’s first 3D-printed temple. Apsuja Infratech, a construction company, and Simpliforge Creations, a 3D-printed construction company, are collaborating to build this unique temple spanning an area of 3,800 square feet. The temple is comprised of three parts, with each section dedicated to a different Hindu deity — Lord Ganesha, Lord Shiva, and Goddess Parvati. Using advanced 3D printing technology and a specially formulated strong and durable concrete, the temple is taking shape, and it is expected to be completed by July 2023. The construction of the world’s first  3D-printed  temple is a remarkable milestone in the realm of 3D printing technology. This project showcases the potential of 3D printing to create intricate and aesthetically pleasing structures while maintaining strength and durability. It serves as a testament to the growi...
Read more