Tamil Nadu, which is the second-largest economy in India, owes its rapid progress to the tireless contribution of workers. Their hard work has not only ensured economic growth but also attracted foreign investments, according to the release.
Among the largest economies, India stands out with a median age of 28.8 years in 2025, the second-highest savings rate, and a government debt-to-GDP ratio projected to decline from 81.3% in 2024 to 75.8% by 2030, unlike its peers, where debt levels are rising.
While responding to how India should navigate the dilemma of dealing with China, which is the second-largest economy, despite being a large trading partner, Amitabh Kant told ANI that it is in India's economic interest that instead of importing from China, the country should aim at joint ven
China's manufacturing sector has experienced a decline for the third month in a row, as of July, with demand remaining weak despite recent government efforts to stimulate the economy in the world's second-largest economy.
This gathering assumes significant importance as China, the world's second-largest economy, grapples with a myriad of challenges including a property sector crisis, escalating local government debt, and strained consumer demand amid geopolitical tensions with Western nations.
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
This optimism contrasts sharply with findings from an official government survey released on Sunday, which highlighted a contraction among larger, state-owned manufacturers. This disparity underscores the ongoing unevenness in the recovery of the world's second-largest economy.
"Uttar Pradesh is home to over 9 million MSME units. In 2017, the state had the sixth-largest economy in India, but today, it has become the second-largest economy in the country. Economic growth has made UP a leader in employment generation. MSME entrepreneurs have been crucial in advancing
Chinese internet giants are buying back their own shares at a record pace, aiming to boost their market value amid a historic stock rout in the world's second-largest economy, CNN reported.
China's population shrank for the second year in a row, marking a deepening of a demographic challenge that is set to have significant implications on the world's second-largest economy.