how does free India stand ?
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india is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 124th by GDP (PPP) in 2020.
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- The Indian government has taken a number of steps to be able to reduce and lower the deficit.
- The government has a variety of plans that aim to make the government debt problem manageable.
- The government is also simplifying the tax system by reducing the number of taxpayers and lowering the amount of taxes they have to pay.
- However, the government has also had to cut spending, such as on public assistance programs and the military, which will hurt the economy.
- The legislature is trying to reduce the deficit and it is one of their top goals.
- The government has tried to reduce its budget deficit in the past few years.
- The government has tried to increase taxes and fees, and even raise fees on those businesses that do not pay their taxes.
- The government has also been trying to cut spending because of the economic situation it is in.
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