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Fastest-Growing Major Economy on Earth, India’s Moment Has Arrived, Says New York Times
A New York Times article titled "How India Became One of the World's Biggest Economies" reports that India grew 7.5 percent last year, making it the fastest-growing large economy for a fourth consecutive year, with IMF projections showing it passing Japan in 2026. The article also notes India's inequalities, including average incomes of about $2,900 a year and around 800 million citizens relying on government food support.
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Figures in these reports
as written, with the sentence they come from
7.5 percentIndia's economic growthThe Standardthe New York Times reported that India expanded by a robust 7.5 percent last year, retaining its status as the world's fastest-growing large economy for the fourth consecutive year.
Word for word from the report in The Standard. Open the report
1.1 percentJapan's economic growthThe StandardJapan grew by just 1.1 percent, while the United States, China, and Germany all posted slower growth than India.
Word for word from the report in The Standard. Open the report
over 1.4 billionIndia's populationThe Standardits growth is accelerating faster than its population, now over 1.4 billion.
Word for word from the report in The Standard. Open the report
about $53 billionBajaj Finserv assets under managementThe StandardFrom just $550 million under management in 2007, Bajaj Finserv has grown to control about $53 billion, with its market value multiplying dramatically.
Word for word from the report in The Standard. Open the report
roughly 20 billionIndia's digital payments network transactionsThe StandardIndia's domestic digital payments network now processes roughly 20 billion transactions a month.
Word for word from the report in The Standard. Open the report
about $2,900 a yearAverage income in IndiaThe StandardAverage incomes remain low, about $2,900 a year, far below those in Japan or Germany.
Word for word from the report in The Standard. Open the report
around 800 millionCitizens relying on government food supportThe Standardeven as around 800 million citizens rely on government food support.
Word for word from the report in The Standard. Open the report
400 million peopleBetter-off consumers in IndiaThe StandardFor businesses, India's better-off 400 million people already represent one of the largest consumer bases on earth, rivaled only by China.
Word for word from the report in The Standard. Open the report
Other events named
no clear day, as worded
The New York Times published an in-depth article titled "How India Became One of the World's Biggest Economies".The StandardAn in-depth article published by The New York Times titled “How India Became One of the World’s Biggest Economies”
Word for word from the report in The Standard. Open the report