{"id":284,"date":"2020-02-20T10:38:55","date_gmt":"2020-02-20T10:38:55","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=284"},"modified":"2020-02-20T11:52:00","modified_gmt":"2020-02-20T11:52:00","slug":"its-official-india-becomes-5th-largest-economy-in-the-world-overtakes-uk-france","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/its-official-india-becomes-5th-largest-economy-in-the-world-overtakes-uk-france\/","title":{"rendered":"It’s Official: India Becomes 5th Largest Economy in the World, Overtakes UK & France"},"content":{"rendered":"
<\/div>\n

A\nUS-based think tank World Population Review has come up with a report on the\nopen market economy and it\u2019s something to cheer about for India. As per the\nreport, India has emerged as the world\u2019s fifth-largest economy overtaking the\nlikes of the UK and France who previously were ahead of India during 2019. <\/p>\n\n\n\n

The\nreport states that the Indian economy is now valued at $ 2.94 trillion whilst\nthe GDP of the UK and France stands at $ 2.83 trillion and $ 2.71 trillion\nrespectively. It further illustrates that the purchasing power parity (PPP) of\nIndia is now at $ 10.51 trillion which puts them ahead of Japan and Germany. <\/p>\n\n\n\n

However,\nwhen it comes to GDP per capita it stands at $ 2170 for India. For a brief\ncomparison, the US has $ 62,794. The real GDP growth of India is also currently\non a downfall and is expected to weaken for the third straight year with the\npercentage dropping from 7.5 per cent to 5 per cent.  <\/p>\n\n\n\n

\u201cEnsuring economic growth and to improve\nthat rank even further, the capital market can greatly contribute to develop\nand strengthen the economy in order to mobilize the investments within the\ncapital market. Emerging economies like India has a very huge untapped market\nwhere near only 2.5 per cent of people are invested in the stock market\ncompared to the US and China\u201d,<\/strong> said Kaushlendra Singh Sengar (Founder &\nCEO), Invest19.com. <\/p>\n\n\n\n

According to him, \u201cAn investment ecosystem within the capital markets creates sustainable, efficient mechanism for multiple investment products and services that in turn helps entry-level investors to benefit from simplified investment opportunities that encourage domestic savings & investments, and the businesses to raise long-term funds that can be used to purchase capital goods, thereby propelling increased in employment, business growth and fasten the pace of economic growth.\u201d<\/strong><\/p>\n\n\n\n

He\nalso added, \u201cChannelization the savings\nof households into long-term investments will increase the mobilization of\nsavings and therefore improves the overall efficiency and volume of\ninvestments, ultimately the economic growth.\u201d <\/strong><\/p>\n\n\n\n

The\ncountry\u2019s capital markets can help in creating greater financial involvement by\nintroducing simplified new investment products which are tailored to suit the\nrisk and return preferences of entry-level investors. Capital market is one of\nthe key pillars of the Indian economy that can help in boosting the growth,\ndevelopment, and improving the rank.<\/p>\n\n\n\n

The\nreports cite that the growth in the Indian economy is towards to economic\nliberalization that began in the early 1990s where industrial deregulation\nbegan alongside the reduction in control of foreign trade and investment. The\nprivatization of the state-owned enterprises also aided in the economic drive. <\/p>\n\n\n\n

India\u2019s\nservice sector is already one of the fastest-growing in the world and accounts\nfor over 60 per cent of the economy and 28 per cent of employment. Agriculture\nand manufacturing are the other two significant sectors of the economy apart\nfrom service sector as per the reports. <\/p>\n

<\/span> 8,468<\/span><\/div>
\n
\n \n <\/i>\n <\/a>\n 8 <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"

A US-based think tank World Population Review has come up with a report on the open market economy and it\u2019s something to cheer about for […] Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":289,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,10],"tags":[6,49,50],"class_list":["post-284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","tag-investment","tag-indian-economy","tag-capital-market"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=284"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/284\/revisions"}],"predecessor-version":[{"id":286,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/284\/revisions\/286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/289"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}