Good news came to India...But China...

India will become the world's third-largest economy by 2030, after the US and China, S&P Global Ratings has said in a report. As of 2023, india will be the fifth largest economy in the world after the US, China, germany and Japan. In this situation, india is going to advance to the 3rd position in the next 7 years.S&P's Global Credit Outlook Report 2024 estimates India's GDP growth at around 6.4 percent by the end of the current fiscal. india will become the world's third-largest economy by 2030 with a GDP growth of 7 percent in 2026-27, according to a report released on Tuesday.
The GDP growth rate in the next financial year (2024-25) will register a steady reading of 6.4 percent, after which it will increase to 6.9 percent in 2025-26 and 7 in 2026-27. S&P Global said in its report that the percentage will rise. Meanwhile, moody's has changed the credit rating of the Chinese government from stable to negative. moody's has downgraded the credit rating of China, the world's 2nd largest economy, not only saying that short-term economic growth will be weak as its debt levels continue to rise. Meanwhile, China's economic growth is projected to grow at a steady 4 percent in 2024 and 2025. Similarly, it has announced that China's economic growth will average 3.8 percent in the period from 2026-2030.
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Sowmiya Sriram

06/12/2023 04:30 PM