PHDCCI Report: India to emerge as second most resilient economic system in 2021

India will emerge because the second most resilient economic system in 2021, as per the International Economic Resilience (IER) Rank, launched by business physique, PHD Chamber of Commerce and Industry (PHDCCI). The rating has been topped by Germany, among the many top-10 main economies. South Korea is on the third place within the listing.

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Apart from this, India’s actual GDP progress price is projected to be the very best within the yr 2021 among the many top-10 main economies on the planet, at 11.5%. It displays India’s sturdy “economic resurgence” to the worldwide financial turmoil attributable to the COVID-19 pandemic.

The rating is predicated on evaluation of 5 indicators :

  • Real GDP progress price,
  • Merchandise export progress price,
  • Current account stability (as a proportion of GDP),
  • General authorities web lending/borrowing (as a proportion of GDP) and
  • Gross debt-to-GDP ratio.

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