Writing Resources
Country India Committee World Bank Delegate Topic Debt of developing countries Although India's debt clock is 1 1 trillion with an interest rate of 2 282 per second India's economy is rapidly advancing and as of 2015 India's economy surpassed China becoming a fast growing major economy The fiscal year of 2015 16 India's economy grew by 7 6 which lead to India topping the World bank's growth outlook for the first time While India's economy fell in the year 2016 17 from 7 6 to 7 1 a drastic fall it is still believed that the economy will rise again for the years 2018 2019 to 7 2 due to India's young population investing rates and healthy savings India's economy ranks fourth worldwide currently after China the European Union and the US India's rapid growth even after the Great Recession has reduced poverty by 10 in the past decade India's economy is currently stable but not completely immune to world threats For an economy which has emerged from problematic to being among the world's greatest economies there have certainly been issues in uplifting it
