{"id":786051,"date":"2023-09-12T14:01:31","date_gmt":"2023-09-12T08:31:31","guid":{"rendered":"https:\/\/leverageedu.com\/discover\/?p=786051"},"modified":"2023-09-12T14:01:31","modified_gmt":"2023-09-12T08:31:31","slug":"impact-of-g20-on-indian-economy","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/discover\/trending-events\/impact-of-g20-on-indian-economy\/","title":{"rendered":"Impact of G20 on Indian Economy"},"content":{"rendered":"\n

According to the reports published by the Indian Government, India has a total economy of $3.74 Trillion. This makes India\u2019s share in the global GDP to 9.3%. The entire world is aware that India will soon emerge as the third largest economy in the world and now that the G20 Summit has taken place in India, economists have come across a new question; What will be the impact of G20 on the Indian economy?<\/p>\n\n\n\n

The past couple of months have been harsh for the entire world as there were recessions in most of the major economies. However, the Indian economy managed to sustain itself without relying on any international support. According to the International Monetary Fund\u2019s (IMF) estimates, India will be the third-largest economy in the world in the next 4 years. The domestic and international demands for Indian products are cited as the main factors why India is the fastest-growing economy in the world. Let\u2019s dig more into the impact of G20 on Indian Economy.<\/p>\n\n\n\n

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How Will the G20 Affect the Indian Economy?<\/h2>\n\n\n\n

With the commencement of the G20 Summit 2023 in India, the global leaders encountered the diversity in Indian culture. Recently, a video went viral where Diplomats and Ministers from the member nations visited the marketplaces in New Delhi and bought locally-made products. This created an opportunity for Indian manufacturers to increase their production as the demand for their products increased overnight.<\/p>\n\n\n\n

The Indian Government and other economists were already aware of the fact that such an action would work in India\u2019s favour and would have a positive impact on the Indian economy. Here are all the factors which will create an impact on the Indian economy in the post-G20 Summit period.<\/p>\n\n\n\n