It's an economic vision centered around three key pillars: Making smart public investments in America. Empowering and educating workers to grow the middle class. Promoting competition to lower costs and help entrepreneurs and small businesses thrive.

Biden's public approval rating has held below 50% since August 2021, and this month's rating was close to the lowest levels of his presidency - 36% - seen in mid-2022.

The economy is indeed slowing. But GDP still appears to be growing faster than its long-run potential - the growth rate that can be sustained in the long run. And job growth has slowed, but the economy continues to add jobs at rates that are much greater than the underlying growth of the labor force.

Net new foreign direct investment into India has risen very rapidly in recent years, with FDI reaching a new record level of USD 85 billion in the 2021-22 fiscal year, after inflows of USD 82 billion in the previous 2020-21 fiscal year. This compares with FDI inflows of just USD 4 billion in the 2003-04 fiscal year.

The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable public sector in strategic sectors. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).

India is ranked 5th in world's GDP rankings in 2023. India's economy boasts diversity and swift growth, fuelled by key sectors such as information technology, services, agriculture, and manufacturing.

India: The fifth largest economy, India, is predicted to reach $3.5 trillion in 2022. United Kingdom: The UK's GDP is $2.83 trillion, sixth globally. The UK may be the sixth biggest economy by 2023.

IMF raises India's GDP growth forecast marginally to 6.3% for FY24.

India is ranked 5th in world's GDP rankings in 2023. India's economy boasts diversity and swift growth, fuelled by key sectors such as information technology, services, agriculture, and manufacturing.

India is the world's largest producer of milk, pulses and jute, and ranks as the second largest producer of rice, wheat, sugarcane, groundnut, vegetables, fruit and cotton.

Who is in the top position on the World Economic Rank 2023?

• The United States: First World Economic Rank.
• China: Second World Economic Rank.
• Japan: Third World Economic Rank.
• Germany: Fourth World Economic Rank.
• India: Fifth World Economic Rank.
• United Kingdom: Sixth World Economic Rank.
• France: Seventh World Economic Rank.

As of 3rd September 2023, USA stands on the first position on the list of Richest Country in the world with the GDP of $26,854 B, followed by China, Japan and Germany.