High GDP in India against economic slowdown across the world

In the year 2023 Indian economy to grow by 6.3%

American and Chinese economic growth is expected to be 2.1% and 5% respectively

(Credits:The Economic Times)

New Delhi – The US and Europe are in the middle of economic recession. In China, there are problems in land transactions and difficulties in the banking sector. Despite this background, according to the study by global economic institutes like IMF, the Indian economy is growing and is expected to grow with great speed by the end of 2023, These figures are highest among the large economies too. Indian economy will grow by 6.3% and Bangladesh ranks second in the world economy with 6% growth.

South American country Columbia will grow by 5.6%, Philippines by 5.3%, China by 5% and Indonesia by 5%.

European country Türkiye economy will grow by 4%, UAE by 3.4%, Mexico by 3.2% and Brazil will grow by 3.1%.

World’s largest economy will grow by 2.1%. Russia 2.2%, Canada 1.3% France 1%, Saudi Arabia 0.6% and UK economy will grow by 0.5% only

Economy of the following countries will recede

Once a developed country, Argentina’s economy will recede by 2.5%. Similarly, Estonia, Sweden, Pakistan, Germany, Lithuania, and Finland economies will also recede. GDP of Pakistan is expected to grow by 0.5%.