India is fast becoming one of the most
nations.
Answers
Answer:
As per the 2017 World Bank figures, the per capita national income in India was $1,800, while other countries like Singapore, South Korea, and China reported per capita national income of $54,530, $28,380, and $8,690, respectively, reported Financial Express. In terms of the Human Development Index, India ranked at 103, while China, South Korea, Singapore, and the US rank at 86, 22, 9 and 13, respectively. While India had a 21.2 per cent poor population (living on $1.90 a day as per 2011 purchasing power parity), China had a 7.9 per cent population in the category, while Singapore and South Korea had an almost negligible poor population. While India employed around 41.6 per cent of the population in agriculture, while China, South Korea, Singapore and the US had 16.4 per cent, 4.8 per cent, 0.1 per cent and 1.6 per cent population that depended on agriculture.
Despite all odds, India is expected to remain the fastest-growing emerging market economy and the economy is expected to grow at 7.5 per cent in the next three years.
Answer:
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Explanation:
Indian Prime Minister Narendra Modi on Monday told the leaders of BRICS bloc that India is fast becoming one of the world’s most open economies, with improvement on global business indexes and the largest ever tax reform of GST that weaved the country into one combined market.
The initiatives taken by the Government for promoting the use of digital mode for transactions and payments, to boost domestic manufacturing and schemes to encourage start-ups for setting up businesses are transforming the economic landscape of India, he said while addressing the BRICS Business Council in Xiamen, China.