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00:00 India is competing with other countries, especially after it has reduced restrictions on foreign investment, exports and imports.
00:08 The Indian Ministry of Finance expects India to become the third largest economy in the world by 2027 and the economy is expected to grow 7% by 2024.
00:19 India is the third largest economy in the world by 2027 with a local output of 5 trillion dollars, while the current local output of India is 3.7 trillion dollars
00:31 and it is the fifth largest economy in the world after the United States, China, Germany and Japan.
00:36 Goldman Sachs also expects India to become the second largest economy in the world by 2075.
00:43 As for the local annual growth of 2022, we think that 2023 will not be released.
00:49 India is in the first place with a 7% growth rate, which is much higher than China with a 4% growth rate.
00:56 The difference between the annual local output of China and India is that India is competing with China with strength,
01:03 especially after it was able to remove the Hong Kong stock market from the fourth largest stock market in the world after it exceeded the 4.3 trillion dollars.
01:13 Now, the markets expect the Indian stock market to lower interest rates during the second half of 2024.
01:20 It is also worth mentioning that India is now the most populous country in the world and was able to remove China from this throne.