It’s time to celebrate. A proud moment for India now India becomes world’s fourth largest economy in world: Announcement by NITI Aayog.
India’s economy growth will grow more
Briefing reporters after the 10th Governing Council meeting of Niti Aayog, BVR Subrahmanyam said the overall geopolitical and economic environment of world is favorable to India, we are now 4th largest economy in the world.
India has become the fourth largest economy in the world, by overtaking Japan was positioning 4th place, NITI Aayog CEO BVR Subrahmanyam said on Saturday.
After the 10th Governing Council meeting of Niti Aayog, Mr Subrahmanyam said the overall geopolitical and economic environment of world is favourable to India which is one of the best positive briefing received by repoters. We are growing and becoming more and more stronger economy in the world.
“We are the 4th largest economy in the world,” said by Mr. Subrahmanyam. We are now 4 trillion USD economy as I speak,” he said in his speech.
After IMF data update, Mr. Subrahmanyam said India is now larger than Japan economy and growing faster. We are on the race to position number 3 positioned by Germany with 4.7 trillion economy and soon we will take the 3rd position in the world.
“Now only the US, China and Germany which are larger than India, and if we stick to what is being planned soon our position will change to 3rd in 2.5-3 years by taking over Germany, we will be the third largest economy,” Mr Subrahmanyam CEO of NITI Ayog.
Mr. Subrahmanyam also responding to a question on US President Donald Trump’s recent statement that he expects Apple iPhones that will be sold in the United States of America to be manufactured in US America and not in India, or any other country, Mr Subrahmanyam said, “What the tariff will be, is uncertain.
In response of President Donal Trump Mr. Subrahmanyan said, we will be a cheap place to manufacture.” With cheap production Apple iPhone profit margin also increases with time and they can export to different countries from India.
He also said that a second round of asset monetization pipelines of government is being prepared, and it will be announced in August, 2025 to make India growth more good and fast.
We hope the best is coming soon with new announcements.
India and UK Free Trade Agreemant Deal
India and the UK have signed a free trade agreement deal that is expected to boost bilateral trade between both nations. This kind of trade agreement helps both countries grow together and increase trade.
On 6 May, the countries – the world’s fourth (India) and sixth largest (UK) economies – finally agreed on a deal that they have been working on since 2022 to make free trade agreement.
In a phone call following the deal of both nations, Britain’s Prime Minister Sir Keir Starmer and India’s Prime Minister Narendra Modi said the move would “further strengthen the UK-India strategic trade partnership and both countries will grow”. That is going to strengthen economies also make it grow faster.
The UK government has described the free trade agreement pact as “the biggest and most economically bilateral trade deal the UK has done since leaving the EU”, while our India’s Prime Minister Modi has called the agreement “historic”.
According to the UK government, the UK and India will jointly work to finalize the legal text of the agreement and start working on it soon. Then, both countries will begin their processes to ratify the deal. Once this is complete from both side, the treaty will come into force, and trade start growing higher.
Talks is going on regarding bilateral investment treaty of both nations, which would promote and protect investments made by investors from the countries in each other’s territory, are still ongoing.
With the new trade agreement of UK we hope to get products and services price will go down and both countries will grow more. More trade, more production, more money flow and lots more is going to happen.
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