India,s GDP - is it a accelerating one?

P.Poongathai

Audit Manager

India is set to be the second - fastest growing economy in the G20 in FY 2022-2023, despite decelerating global demand and the tighening of the monetary policy to manage inflationary pressures and expected to overtake Japan and Germany to become the worlds third largest economy by 2030.

Growth in the economy is measured by the change in GDP at constant price. Economic growth is the increase in the goods and services produced is the increase in the goods and services produced by an the real GDP.

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