India ascends to fourth in global GDP rankings, USA on top

China holds the second spot and Germany the third in the new rankings for 2024

According to the latest global power rankings for 2024 released by US News, the United States maintains its leadership position, supported by its strong technological, financial, and entertainment sectors, while India ascends to fourth place.

The Biden administration is prioritizing infrastructure and climate change initiatives, further enhancing the country’s global standing.

China holds the second spot, driven by the expanding Belt and Road Initiative which connects Asia with Africa and Europe, fostering economic growth and trade.

The nation continues to make advances in technology, particularly in artificial intelligence and 5G, consolidating its status as a global technology leader.

Germany, ranked third, leads European Union efforts in green energy, focusing on renewable sources and digital transformation across various industries to boost efficiency and productivity.

India has climbed to fourth place in global GDP rankings, reflecting its growing economic clout and strengthening international alliances.

The country’s economy is buoyed by strong industrial growth and technological advancements.

Other countries in the top ten include Russia, which leverages its natural resources and military strength while focusing on its space exploration program.

The UK, post-Brexit, is engaged in establishing new economic partnerships and boosting its technology sector.

South Korea and France are noted for their technological innovations and commitment to green energy, respectively.

Japan, tied for the first spot in the Henley Passport Index, continues to influence global technology markets with its advancements in chip manufacturing, AI, and electric vehicles.

Saudi Arabia, a major oil producer, and the UAE, with its ambitious space program, round out the list of influential nations in the 2024 rankings.

Both countries are investing heavily in sectors beyond oil to diversify their economies, with Saudi Arabia preparing to host the FIFA World Cup 2034 and developing major projects like NEOM city to boost tourism and investment.

These rankings reflect the multifaceted nature of global power, where economic resources, political influence, and technological advancements play pivotal roles.

 

5 COMMENTS

  1. India under Prime Minister Modi Ji, has made enormous economic progress, technological progress and in space research, over the past 10 years, since he became Prime Minister. Now, under Modi Ji’s leadership, India has become fourth economic power in the world! This is indeed a great achievement under his leadership, over the past 10 years. As often Modi Ji told us, lot more need to be done, and May God Almighty give him long healthy life, and success in his third term in office, to complete the good work he started in 2014.

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  4. We love USA but USA and its companies must give the same favors to Pakistan, China, Bangladesh, Iran, Afghanistan, Sri Lanka & Nepal and other neighbors also which they are giving to India for last 3 decades. It will generate a balances South Asia instead of a conflicting South Asia.

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