write a brief note on the present economic scenario of the world
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Indian economy is consumption-led as 68.5% of GDP is composed by private consumption (57.2% of GDP, growing at 5.3% in FY20) and government consumption (11.3% of GDP, growing at 11.8% compared to 10.1% last year). ... Nearly 30% of GDP is contributed by GFCF, which is a proxy for investment.
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The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account.
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I hope it is correct.......
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