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India is the seventh-largest economy in terms of GDP and aims to grow into a USD 5-trillion economy by 2024-25, which will make it the third-largest economy in the world. The Indian economy is classified into three sectors: Agriculture and allied segments, Industry and Services. At current prices, all sectors except Agriculture have registered a growth rate of over 9.0%.
The following are some of the key developments over the past 12 months which account for India’s growth: