As India commemorates 75 years of its independence, a new script is being written on the economic front. A tripartite foundation of a determined political will to take difficult decisions for the greater good, speedy implementation of fiscal objectives and a science and technology based development model have propelled India to the coveted ‘top-five’ economies of the world. India recently surpassed the United Kingdom to become the fifth biggest economy. The country’s nominal GDP in the first quarter clocked over 854 billion USD against the United Kingdom’s 816 billion USD in the same period.
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