While India helms the G20 for the year, the IMF has recognised the nation as a ‘bright spot’ in the world economy. Data shows that India has outperformed many of its G20 counterparts on most economic indicators. Here’s a quick look at the major metrics
India became the second-fastest growing economy among the G20 countries last year
Compared to other G20 nations like the US, UK, Russia and Germany, India appears to be in a better position in terms of annual consumer price inflation
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India and 13 other G20 members witnessed a fall in debt-to-GDP ratio last year
India is among the Top 10 G20 countries in terms of market returns in the past year
The nominal GDP of India at $3.3 trillion makes it the fifth largest economy among G20 countries after the US, China, Japan and Germany
The per capita income of the US at $76,399 was the highest among G20 nations as of December 31, 2022, according to the World Bank
Inflation of Turkey and Argentina in 2022 was 72%, the highest among G20 nations, while China had the lowest inflation of 2 per cent among the group last year