G20 meeting is about to start in Brazil. Even before this meeting, India has shown its strength to the whole world. India has, in a way, become the boss of G20, one of the most powerful groups in the world. India has become the engine of growth of all the countries included in this group. We are saying this here because at present India has the highest growth among G20 countries. When India is included in the meeting of this powerful group, its status will be different. The special thing is that the GDP growth of all the countries from America to Europe is much less than that of India. Let us also tell you what is the growth rate of India and other countries included in this group?
India is at the top
India is seen number one in the list of G20 countries in terms of economic growth. According to the IMF’s World Economic Outlook report, India’s growth rate may be 7 percent in fiscal 2024. This growth rate is the highest compared to other countries of the world. After that is Indonesia. Whose growth has been estimated at 5 percent. China’s growth rate is at third place, which is estimated at 4.8 percent. Russia is seen at number four in this list. Whose growth rate is estimated at 3.6 percent.
India takes the lead in the G20 with an impressive 7% GDP growth rate projected for 2024!
This achievement highlights India’s robust economy, showcasing its resilience and fast-paced growth amid global challenges. #G20#EconomicGrowth#IndiaGrowthStory pic.twitter.com/4GbHn8ewue
— MyGovIndia (@mygovindia) November 18, 2024
US and Brazil estimates
This is being seen in three countries. Whose growth rate can be 3 percent. Which includes Türkiye, African region and Brazil. This time Brazil is hosting the meeting of G20 countries. On the other hand, there are two countries whose growth rate will be 2 percent or more, but less than 3 percent. Which includes Korea and America. America’s growth has been estimated at 2.8 percent. On the other hand, Korea’s growth rate has been kept at 2.5 percent.
More than 1 percent but less than 2 percent
There are many countries whose growth is estimated to be less than 2 percent, but is seeing more than 1 percent. Mexico and Saudi Arabia may see a growth rate of 1.5 percent. On the other hand, the economy of South Africa, United Kingdom, European Union and France can be seen at 1.1 percent. On the other hand, Australia’s growth rate has been estimated at 1.2 percent and Canada’s growth rate has been estimated at 1.3 percent.
GDP of this country is going in minus
There is one country among the G20 countries whose growth has been estimated at minus. This country is none other than Argentina. Whose growth estimate is -3.5 percent. On the other hand, Germany is one of the largest countries in Europe and has the fourth largest economy in the world. Whose growth can be 0 percent. The situation of Japan, the world’s third largest economy, is also looking very bad and its growth rate may be 0.3 percent this year and Italy’s growth rate may be 0.7 percent.
