The recent conference of economy experts discussed the different views about Indian economy. They said that, in terms of GDP by Purchase Power Parity (PPP), India holds 3rd rank with $8.9 trillion. To reduce absolute POVERTY, the Government of India launched various schemes at the mass level and during the period 2011-15, and as a result,90 million people were lifted out of extreme poverty.
India’s domestic economy has acted as Oxygen for the rapidly weakening global economy due to the covid-19 pandemic and the Russia-Ukraine war. Due to India’s specific , trade and financial integration Bonds between the world, India has been strengthened, Now India is developing into a world leader, and the last decade has been very positive in terms of statistical and economic planning.But the biggest challenge for the Indian economy is to sustain this Growth for a long time, and the Covid-19 pandemic has also affected the economy badly.
The government of India has taken vital initiatives to revive the economy rapidly, and these steps are showing results; India has become a hub of generic drugs, vaccinations and medical devices and has also become a helping hand to those countries who are helpless in the midst of the pandemic period.