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.

WARRIOR 5.0 Batch for SBI, RRB, RBI and IBPS Exams Banking Awareness Online Coaching | Bilingual

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.

Find More Ranks and Reports Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.