India became the fifth-largest economy in 2024, boosting its global rankings and reserves.

India made significant strides in 2024, improving its global rankings and becoming the fifth-largest economy. Foreign exchange reserves hit $700 billion, placing India fourth globally. The country saw improvements in the Ease of Doing Business Index, Global Competitiveness Index, and Logistics Performance Index. Notable achievements include becoming the second-largest producer of crude steel and mobile phones. India also advanced in AI talent and gender equality, gaining recognition as a global economic power under PM Modi's leadership.

3 months ago
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