what is the India's best economy?

India’s economy has been performing impressively and is currently ranked as the fifth-largest in the world based on Gross Domestic Product (GDP) in 20241. As of the third quarter of FY24, India’s GDP registered a growth of 8.4 percent, which is a significant increase from the previous year2. This growth has been driven by robust demand in the construction sector, as well as growth in the manufacturing and service sectors2. The country’s strong economic performance is attributed to its solid economic foundations, thriving domestic demand, careful financial management, high saving rates, and favorable demographic trends2. Additionally, India is expected to remain the world’s fastest-growing major economy in 2024, with moderate inflation, a stable interest rate regime, and robust foreign exchange reserves supporting this growth3. Here’s a snapshot of India’s economic position in 2024: GDP: $4.11 trillion GDP Growth Rate (Q3 FY24): 8.4% GDP Per Capita: $2.85 thousand Rank: 5th largest economy1 India’s economic rise has been fueled by various factors, including urbanization and technologies that have improved efficiency and productivity4. The country’s GDP growth has been among the highest in the world in the past decade, regularly achieving annual growth of between 6-7%4.