World News
Get all the latest news from India's closest neighbors overseas before it gets cold.

Russia Joins Top 5 Nations in Industrial Sector Contribution to GDP

Russia has emerged as the fifth-largest country in the world by the contribution of its industrial sector to the economy, according to an analysis by Sputnik based on World Bank data.
Sputnik
In 2024, the global leader in industrial output was China, where the sector's contribution to GDP increased by nearly 2%, reaching $6.8 trillion. The United States came in second, with a 3% growth, totaling $5.1 trillion. Germany, in third place, was one of the few major economies where the industrial sector saw a decline, dropping by 2.5% to $1.2 trillion. India ranked fourth, expanding its industrial output by 4% to $957 billion.
Russia's industrial sector showed the fastest growth among the top 10 largest economies, with a remarkable 6% increase, bringing its contribution to $668 billion. This growth enabled Russia to secure the fifth position globally.
The United Kingdom took the sixth spot, with a 3.5% growth, totaling $610 billion. Mexico followed, with a modest growth of less than 1%, reaching $586 billion.
The remaining countries in the top 10 saw a decline in their industrial sector contributions. France's industrial output decreased by 2% to $554.9 billion, Saudi Arabia's fell by 4% to $554.8 billion, and Indonesia experienced a slight dip of 0.4%, totaling $549 billion.
In total, the global industrial sector added $28.9 trillion to the world economy last year, compared to $28.5 trillion the previous year.
Political Affairs
BRICS to Generate Major Increase in Global GDP: Putin
Discuss