Conclusion:

India is a developing nation which has transformed its fiscal and monetary policies to support
growth of nation. India is trying to grow as a strong economy and increase standard of living
of its people. India’s GDP Growth has been steadily increasing and governments have
designed policies that support this growth. There have been instances where certain polices
and decisions had adverse effects on this growth. The Global Financial Crisis of 2008 also
had an impact on India’s development. The Exports and Imports had been affected adversely,
its GDP growth fell and government had to use its reserves to support the economy and help
it boost. India and Philippines are nations which rely on Primary and Secondary sector for
their economic growth. Both these countries have faces similar effects under adverse
situations like Asian financial crisis and Global Financial crisis, Natural Calamities, Covid-19
Pandemic. India being a huge nation with greater resources is advancing at a higher rate than
Philippines.
India is on its way of achieving the mark of being a 5 trillion economy. These achievements
are a booster to the nation, which help its people work harder and improve their standard of
living. Denmark, being a developed nation where people have a healthy lifestyle and nation
has a strong economy. India has been working on Economical parameters like GDP, GNI,
Expenditure, Savings, Imports, Exports, Taxation Policies and Investment policies. These
parameters help in understanding the overall economic growth of the Nation and work
towards being a developed nation with Strong Economy. We can see that how India
responded to the Global Pandemic and was successful in containing the pandemic to an
extent. The Vaccination campaign that is being carried out on such huge level has been a
remarkable job. The Governments have worked hard in order to achieve this level of
economic stability. These parameters help in understanding the overall economic growth of
the Nation and work towards being a developed nation with Strong Economy. We have come
a long way and we have yet a long way to go.