Indian Economy
India has the fastest-developing economy in the world. It is observed that when the world is suffering from the insecurity of recession while India's GDP is nearly 7%. It is also reported that the Indian economy has reached to Four Trillion which can soon surpass the Economy of Japan. It may very soon become the fourth-biggest Economy in the world.
India is the country that manufactures the highest cell phones in the world. Samsung, Apple and so many other companies have their plants in India. India has also implemented and adopted digital systems successfully for day-to-day use.
.jpg)
India has a large generation of cash in the economy through efficient collection of income tax and collection of GST tax. The GST collection has gone up gradually to lakhs of crores. This is also a sign of the increasing prosperity of the country. The income gap is also being reduced between the various classes of people. The sale of automobiles and two-wheelers is going up because of the above economic development. The lower middle class has come up and some part of the lower class has also come up. In short, the class gap is reduced due to speedy economic development.
.jpg)
Besides that, the Rich class of Billionaires is now rising in India as the economy is bubbling with the generation of cash. There are about 1319 Rich Men worth about and more than 120 million Dollars. Mukesh Ambani and Gautam Adani are on top of the list Worth 98 Billion Dollars and Dollars 57.5 billion respectively. There are other Billionaires in India like Cyrus Poonawalla, Shivnadar, Gopichand Hinduja, Dilip Shanghvi, L N Mittal, Radhakrishnan Damani, Kumar Mangalam Birla and Niraj Bajaj.
All this shows that India is becoming a developed economy which will lead to it to one of the superpowers in the world.
********************************
No comments:
Post a Comment