India to remain 5th largest economy in 2023

vinita kejriwal February 17, 2024

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The United States of America, China, Japan, Germany, and India are the largest economies in the world in 2024, as per their GDP data. GDP serves as a key metric for assessing the magnitude of a nation’s economy. The conventional approach for gauging a country’s GDP involves the expenditure method, wherein the total is derived by aggregating expenditure on fresh consumer goods, new investments, government outlays, and the net value of exports.
India is ranked 5th in world’s GDP rankings in 2024. India’s economy boasts diversity and swift growth, fuelled by key sectors such as information technology, services, agriculture, and manufacturing. The nation capitalises on its broad domestic market, a youthful and technologically adept labour force, and an expanding middle class.

India’s GDP is $4,112 billion and expected to become the third largest economy by 2028.
Proud moment for India!!!

Categories: Finance

𝐰𝐢𝐥𝐥 𝐢𝐩𝐨 𝐟𝐮𝐧𝐝 𝐫𝐞𝐝𝐮𝐜𝐞𝐝 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐜𝐨𝐬𝐭 𝐚𝐥𝐬𝐨

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CA Mausam Rathi August 16, 2024

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HOW THE CHAT GPT IS BENEFICIAL FOR CA IN PRACTICE IN INDIA

Introduction : GPT stands for “Generative Pre-training Transformer”. It’s a type of language prediction model developed by OpenAI that uses machine learning to generate human-like…

Rajendra Khandelwal June 30, 2023

Glimpse of 2023

As 2024 dawns upon us soon we reminisce with a smile what a great year 2023 was for Capital Markets & we would like to share our gratitude towards all of you.

2023 saw unprecedented changes and events unfold in front of us –

·        There were headwinds at the global political stage – there are power games still being played.
·        In the world of Investments, for Equities, what began as a subdued year, turned into the biggest rally and is ending the year at its all-time highs – a classic roller coaster.
·        For Fixed Income, this year separated the men from the boys – duration, credit, liquidity events – a delight for the very best to prove their mettle.
·        The MF Industry continued to see its topsy-turvy ride with SIP book reaching all time high. Returns and Investing experience played a key role in investors’ decisions – think, Investor First! Investor First! Investor First!

All the challenges we saw in 2023 required a significantly different approach and the opportunity that lies in front us in 2024 will require us to change our approach further.

Wishing you and your family a very Happy, Healthy and a Prosperous New Year!

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