mo4ch:>Five incredible facts about India’s fast-growing economy | Mo4ch News

A thriving nation with a population of around 1.37 billion people, India is one of the world’s largest economies. It seeks to achieve an ambitious target of becoming a $5 trillion economy in the next five years.Here are some interesting facts that you may not have known about the country.India’s economy has nearly sextupled in size in less than 20 yearsAt the turn of the millennium the country’s gross domestic product was approximately $459 billion, according to the World Bank. Last year, it generated the equivalent of $2.726 trillion. That’s an expansion of just short of six times in less than two decades.India has the fastest growing major economy in the worldThe South Asian country’s economy is expected to grow by 7.4 percent in the 2019 fiscal year, compared with a projected 6.3 percent growth in China and just 2.5 percent in the United States. The impressive growth is a step down from the nine percent expansion that the Indian economy enjoyed from 2003 to 2008, before growth was …