With a growth rate of 7 percent, India's economy is expected to grow faster than China, Australia, Canada and France.
Prime Minister Narendra Modi reached Rio de Janeiro, Brazil for the G20 2024 to be held on November 18 and 19, where he was warmly welcomed. Held amid the ongoing climate crisis and conflict in the Middle East and Europe, the summit focuses on the fight against hunger, poverty and inequality, sustainable development and global governance reforms. All 19 G20 member countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Saudi Arabia, South Africa, Russia, Turkey, Britain and the US and the EU – two. Participating in the one-day summit.
In terms of growth rate among G20 countries, this year after India, Indonesia is at second place with a growth rate of 5 percent and China is at third place with 4.8 percent. India's economy is expected to grow the fastest among G-20 countries in 2024 with a growth rate of 7 percent.
According to the Indian government's statement posted on Twitter after the rankings were released at the ongoing G-20 summit in Brazil, India is leading among the G-20 countries with an estimated GDP growth rate of 7 percent. This achievement highlights India's strong economy, demonstrating its resilience and fast-paced development amid global challenges. In GDP growth, Russia is fourth with a growth rate of 3.6 percent and Brazil is fifth with 3 percent. At the same time, Africa region is at sixth place with a growth rate of 3 percent and America is at seventh place with a growth rate of 2.8 percent. In 2024, other western countries like Canada will have a GDP growth of 1.3 percent, France, The GDP growth rate of the European Union and the UK is expected to be 1.1 percent. The growth rate of Italy and Japan is expected to be 0.7 percent and 0.3 percent respectively. Australia's GDP growth rate is estimated to be 1.2 percent this year. Germany's performance among developed countries is expected to be the worst at 0 percent. Meanwhile, Prime Minister Narendra Modi reached Rio de Janeiro, Brazil for the G20 2024 to be held on November 18 and 19, where he was warmly welcomed. Held amid the ongoing climate crisis and conflict in the Middle East and Europe, the summit focuses on the fight against hunger, poverty and inequality, sustainable development and global governance reforms. All 19 G20 member countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Saudi Arabia, South Africa, Russia, Turkey, Britain and the US and the EU – two. Participating in the one-day summit.
What's Your Reaction?
