India's economy ranks as the world's fifth-largest based on nominal GDP and the third-largest based on purchasing power parity. The country's economy has been growing at an average rate of 7% per year for the past two decades, making it one of the fastest-growing economies in the world. India's economic growth has had a positive impact on the lives of millions of people. The country's poverty rate has fallen significantly in recent years, and millions of people have been lifted out of poverty. India's economic growth has also created new jobs and opportunities for its citizens. Visit https://www.ibef.org/economy/indian-economy-overview