India Economy | Page 2

India's labour force is driving the country's economic growth, with significant contributions from various sectors. As India aims to become a $5 trillion economy by 2027-2028, its labour market's resilience, diversification, and growing formal employment opportunities are poised to play a pivotal role.

The central government's debt is expected to decrease from 58.2 per cent of GDP in FY 2023-24 to 56.8 per cent by FY 2024-25, while the general government deficit, including state governments, is predicted to fall below 8 per cent of GDP

This sector has emerged as a highly vibrant and dynamic area of the Indian economy over the last five decades.

The socio-political uncertainties prevailing in Bangladesh may result in global RMG (readymade garment) brands and retailers in India to gain around 6-8 per cent of Bangladesh's monthly export orders