About India's Economic Growth
This week I saw a story in the news about India's economic growth and was curious to find out more.
The International Monetary Fund (IMF) has announced that India is projected to surpass Japan in nominal GDP by 2025, becoming the world's fourth largest economy.
The main reason for this growth is the expansion of private consumption, especially in rural areas, and the real GDP growth rate is expected to be 6.2% in the same year.
On the other hand, Japan will be overtaken by India in terms of the size of its economy due to low growth and population decline.
This article makes me feel that this reality will be an opportunity for Japan to review its economic policies and create a new growth strategy.
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