Categories: Ranks & Reports

PHDCCI Report: India to emerge as second most resilient economy in 2021

India will emerge as the second most resilient economy in 2021, as per the International Economic Resilience (IER) Rank, released by industry body, PHD Chamber of Commerce and Industry (PHDCCI). The ranking has been topped by Germany, among the top-10 leading economies. South Korea is at the third position in the list.

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Apart from this, India’s real GDP growth rate is projected to be the highest in the year 2021 among the top-10 leading economies in the world, at 11.5%. It reflects India’s strong “economic resurgence” to the global economic turmoil caused by the COVID-19 pandemic.

The ranking is based on analysis of five indicators :

Real GDP growth rate,
Merchandise export growth rate,
Current account balance (as a percentage of GDP),
General government net lending/borrowing (as a percentage of GDP) and
Gross debt-to-GDP ratio.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.