According to the list of countries of the world sorted by their gross domestic product (GDP), These are the year 2007 figures, released by the World Bank.
1. United States
2. Japan
3. Germany
4. China
5. United Kingdom
6. France
7. Italy
8. Spain
9. Canada
10. Brazil
11. Russian
12. India
13. South Korea
14. Mexico
15. Australia
Here is the India’s GDP growth forecast for 2008-09 by major financial and research institutions including International Monetary Fund (IMF).
GDP GROWTH FORECAST FOR INDIA: 2008-09
Forecast (in %)
Growth of Asia’s developing economies will slow in 2008 to the weakest level in five years, but it need to tackle inflationary pressures ,the Asian Development Bank said Wednesday in its annual economic outlook.
ADB annual economic outlook projected Indian economic growth to moderate 8 % this fiscal from 8.7 % in 2007-08 and economy will rebound to 8.5 % growth rate during 2009-10.
Japan, the world’s second-biggest economy cut its economic growth forecast for the quarter ended December 2007, but the revised rate was still better than expectations.
Analysts had expected annualized growth in the quarter of 2.3%. Japan revised its assessment of the GDP growth in the fourth quarter of last year to an annualized 3.5% from a preliminary estimate of 3.7%.
Pic: The Gateway of India, Mumbai, India
Given the current rates of savings and investment, the country will sustain economic growth of close to 9 % in the medium term, Prime Minister Manmohan Singh reiterated confidence about Indian economic growth.
While releasing a book Business Standard India – 2008 in New Delhi Prime Minister Manmohan Singh said
India’s software services industry employs about 2 million and contributes 4.5% of India’s GDP. The information technology industry is expected to generate about $64 billion in revenues for the year ending in March, a growth rate of 33%.
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