What is India's projected GDP growth rate for 2024, leading the G20 nations?

A)
7%
B)
8%
C)
9%
D)
10%

Correct Answer : Option (A) - 7%



India has taken the lead in the G20 with an impressive 7% GDP growth rate projected for 2024, surpassing other major economies.

This growth rate is significantly higher than Indonesia's 5% and China's 4.8%.

The G20 represents a substantial portion of the global economy, accounting for 88% of global GDP, 78% of international trade, and nearly three-quarters of the world's population.

India's strong growth prospects are driven by domestic consumption demand and steadily improving investment demand.

Published On : November 19, 2024
Category : Indian Economy