Datanomics:
The Indian economy has come closer to Japan.
The latter stood at $4 trn in 2024. It is quite possible that India's economy may overtake Japan's next year as latter's economy is struggling to grow.
The size of India’s economy was estimated higher at Rs 331 trillion for FY25 against the earlier estimate of Rs 324 trillion.
India’s gross domestic product (GDP) growth is officially estimated to decelerate to 6.5 per cent during FY25 against 9.2 per cent last year.
Higher revised base effect notwithstanding, GDP growth during FY25 is a shade higher than 6.4 per cent, pegged by the first advance estimates.
India is projected to overtake Japan to become the world’s fourth-largest economy by 2026, according to the PHD Chamber of Commerce and Industry (PHDCCI).
This optimistic outlook is underpinned by robust GDP growth forecasts and strategic policy recommendations aimed at enhancing economic resilience and fostering sustainable development.
PHDCCI anticipates India’s GDP to grow by 6.8% in the current fiscal year (FY2024-25) and accelerate to 7.7% in FY2025-26. This growth trajectory is expected to elevate India’s economic standing globally, enabling it to surpass Japan.
Based on several positive macroeconomic indicators. India's GDP currently ranks fifth, following the United States, China, Germany, and Japan, having overtaken the United Kingdom in 2022.
Japan's Nikkei touches 4-month low on worries about US economic outlook. "Rising uncertainties hurt investor sentiment.
The market was concerned about the U.S. economy outlook, the impact of U.S. tariff plans and the direction of the yen," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.
"The Nikkei had been underpinned by robust earnings of domestic firms. But once the index fell below a psychological barrier of the 38,000 level, investors were prompted to sell more stocks."
The Nikkei fell below the 38,000 level for the first time since Dec. 2.
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