India has retained its position as the fastest growing economy in the world, with its gross domestic product (GDP) being projected to expand at 7.5 per cent in 2019-20. The prominent growth drivers for the third largest economy in the world (PPP) are Domestic Consumption, Gross Fixed Capital Formation, Exports and Government initiated Policy Reforms. India aspires to be a high-middle income country by 2030 – for a country with a billion plus population, this implies consolidating on its innate comparative advantages and leveraging opportunities out of seemingly endemic challenges.
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