How India Changed in 10 Years: From GDP Growth to Space Exploration

India ranks as the fifth-largest economy globally in terms of nominal GDP and holds the third position based on purchasing power parity (PPP). Its economy is characterized by diversity and rapid growth, fueled by the sectors of services, industry, and agriculture. In 2022, India experienced a GDP growth rate of 7.6%, rebounding from the disruptions caused by the COVID-19 pandemic. Despite this economic resilience, India grapples with persistent challenges, including issues related to poverty, inequality, unemployment, and environmental concerns.

INDIA’s Report and Bulletin:

• India’s real GDP has grown at an average rate of 6.66% over the last decade, despite the impact of the Covid-19 pandemic.
• India has brought a record number of people out of poverty, and increased its per capita income from $1,097 in 2009 to $2,389 in 2022.
• India has implemented some of the biggest and most significant reforms since independence, such as the Goods and Services Tax (GST), the Insolvency and Bankruptcy Code (IBC), the Direct Benefit Transfer (DBT), and the farm laws.
• India has made giant leaps forward in its space program, launching more than 100 satellites, sending missions to the moon and Mars, and testing anti-satellite weapons.
• India has revamped its railways, building high-speed corridors, modernizing stations, and improving safety and services.
• India has built highways at never-before speeds, and expanded its road network to connect rural and remote areas.
• India has undertaken massive infrastructure work at various levels, such as the Bharatmala, Sagarmala, and UDAN schemes, which aim to improve connectivity, logistics, and regional development.
• India has become one of the largest markets in the world, with the introduction of the Unified Payments Interface (UPI), the Aadhaar biometric identification system, and the Digital India initiative.
• India has taken a lead in addressing issues relating to climate change, by setting ambitious targets for renewable energy, joining the International Solar Alliance, and launching the Coalition for Disaster Resilient Infrastructure.
• India has won the Cricket World Cup in 2011, and achieved many other sporting feats in various disciplines, such as badminton, wrestling, boxing, and hockey.