India's economy will run at the fastest pace in Asia!!!

The whole world has accepted the strength of India's growing economy. India's economy had left behind all the fast-growing economies of the world with a spectacular pace of 8.2 percent in the financial year 2023-24. china and japan were also left staring at India. Now it is being estimated that even in the financial year 2024-25, India's economic growth rate will be faster than the whole world. It is estimated to grow at a pace of 7 to 7.2 percent.

Private consumption is increasing, good signs from rural areas

Deloitte India's Economic Outlook states that India's economic growth rate will surpass the estimates of the Economic survey due to the strong economy. This figure is going to be above 7 percent. However, it is going to be close to the Reserve bank of India's (RBI) estimate. According to Deloitte India's report, private consumption is increasing. Apart from this, people are also increasing spending on other things apart from food and drink. Increasing spending in rural areas is also creating many business possibilities.

Economic slowdown seen in china and Japan

Earlier, the international Monetary Fund had estimated that China's economy would grow at a rate of 4.5 percent. The IMF says that China's population is aging. Apart from decreasing productivity, it is also stuck in a property crisis. This is having a bad effect on investors, consumers and business. The IMF said in april that Japan's GDP may decrease further in 2025. Japan's economy continues to decline. In the year 2025, India's GDP will be 4.339 trillion dollars and Japan's will be 4.310 trillion dollars. Japan's GDP growth was 1.9 percent in 2023 and 0.9 percent in 2024. It is estimated to be 1 percent in 2025.