Popular on BI. Latest Stories. Trending News. Buying Guides. Germany, the backbone of Europe's economy, 'hit a brick wall' in the second quarter. The nation employs a social market economy that emphasizes the value of open-market capitalism and also ensures a number of social services guarantees.
The country is ranked 1 in the world for entrepreneurship due to its skilled labor force, highly developed infrastructure, and technological expertise.
It is the 5th largest economy in the world and the 2nd largest in Europe in terms of GDP. The Republic of India is a federal democracy that consists of 29 states and 7 union territories. It is the largest democracy and the 6th largest economy in the world.
India has thriving manufacturing, technology, and service sectors. Since , the rate of foreign direct investment FDI inflows to India has grown steadily as some key policy changes were incorporated by the government to facilitate this growth. This makes India one of the top countries by GDP in France is the 7th largest economy in the world.
It is the most visited destination in the world and consequently has a thriving tourism industry. Also, foreign trade is an essential component of its economy. Ireland is the fastest-growing economy with Thailand has the lowest growth rate of 0. Home World India. Economy World Country India.
Demographics World Country India. Politics India. As the second-largest economy in the world, China has seen an average growth rate of 9. The reform program emphasized the creation of private and rural businesses, easing the state regulations on prices, and investment in workforce education and industrial output.
While the financial crisis took a hit on the Japanese economy and has stunted its growth since then, it is expected that the Olympics will give it a boost. Because of its dependency on capital good exports, the economy had a significant setback post financial crisis.
The German economy is currently in the middle of its fourth industrial revolution due to the Internet and the digital age. Industry 4. India is developing into an open-market economy from its previous autarkic policies. These measures have helped India accelerate economic growth.
Manufacturing and agriculture are two other significant sectors of the economy. In , the UK was the tenth-largest exporter of goods in the world, exporting goods to countries worldwide. In the 18th century, the United Kingdom was the first country to industrialize. London is the second-largest financial center in the world. Manufacturing and agriculture are the second- and third-largest sectors in the United Kingdom.
France is the third-largest economy in Europe behind Germany and the UK and the seventh-largest economy in the world. The chemical industry is a key sector for France, as well as agriculture and tourism.
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