Growth rate of 10 years by different countries

GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country.

·         Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2020, India's real gross domestic product growth was at about -7.97 percent compared to the previous year.

·         The 10 years if we see the data there is huge change in growth rate because of a pandemic creates huge crises but after 2021 if we see the situation is not going fruitful because in future prospectus also there are so many problems that arise from new viruses, so the economy takes time to work in a great way in new key areas.

·         2nd wave may lead to some reassessment of economic growth estimates: Birla

·         By 2025, India's population would be almost equal to that of China, and it would still be growing at 1% per annum even though the TFR for long-run population stabilization would have been nearly reached by then.

·         Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources, and technology. Highly developed countries have governments that focus on these areas.

·         "The infrastructure bottlenecks that exist in India mean that investment in this area has the potential to unlock significant productivity gains. Therefore, the outlook for the economy going forwards will be closely related to the government's approach to infrastructure spending.