India is set to become the worlds 3rd largest economy
India’s real GDP growth is projected to average 6.3% annually in FY 2021-30, and is on track to overtake Japan and Germany to become the world’s third-largest economy (in nominal US dollar terms).
Real income per capita is projected to achieve significant average growth of 5.3%, with Indian households becoming the greatest spenders among G20 economies.
Indian macro policy has three goals:
reducing import dependency,
providing the labor force with suitable employment opportunities,
and creating a more viable market for domestic and foreign investors.
Dealing with the rest of the world is a key strategy with specific plans to deal with each country .
“It takes a planet to build a village” 🌎