India emerges as world's 6th largest economy, surpasses France: WB data
6 years, 6 months ago

India emerges as world's 6th largest economy, surpasses France: WB data

India Today  

New Delhi, Jul 11 India emerged as the world's sixth largest economy in 2017 surpassing France and likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank. In 2017, India became the sixth largest economy with a Gross Domestic Product of USD 2.59 trillion, relegating France to the seventh position. As per the IMF' World Economic Outlook released in April this year, the size of the Indian economy was pegged at USD 2.61 trillion, ahead of France with a GDP of USD 2.58 trillion. The International Monetary Fund pegged the size of the UK's economy at USD 2.62 trillion, slightly bigger than India.

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History of this topic

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report
1 month, 1 week ago

India ranks 3rd globally with 185 billionaires in 2024, wealth up 42%: Report

Live Mint  

India has emerged as the third-largest hub for billionaires globally, boasting 185 individuals in 2024, according to UBS’ latest Billionaire Ambitions Report. Billionaire Wealth Surges in India The collective net worth of India’s billionaires soared by 42.1% over the past year to $905.6 billion, reflecting the country’s strong economic momentum. Meanwhile, China experienced a decline, losing 93 billionaires as its …

India's growth offers phenomenal opportunities to American investors: K V Subramanian
1 month, 1 week ago

India's growth offers phenomenal opportunities to American investors: K V Subramanian

Deccan Chronicle  

Washington: Of the belief that India is headed to be a USD 55 trillion economy by 2047, India's Executive Director at the IMF Dr K V Subramanian said India's growth offers phenomenal opportunities to American investors. "The opportunities that are available for the American investors actually are phenomenal., I don't think there is any other economy that is actually going …

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant
8 months ago

India all set to overtake Japan as fourth largest economy by 2025, predicts Amitabh Kant

India TV News  

Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. Some highlights of India's journey to the top 5 economies of the world in 2024 from Fragile 5 in 2013, according …

P Chidambaram's ‘no magic’ barb at PM Modi on ‘India becoming 3rd largest economy’
8 months, 2 weeks ago

P Chidambaram's ‘no magic’ barb at PM Modi on ‘India becoming 3rd largest economy’

Hindustan Times  

Former finance minister P Chidambaram said India will become the third largest economy in the world regardless of who becomes the PM, describing Prime Minister Narendra Modi as a “master of exaggeration” for “turning an arithmetic inevitability into a guarantee”. Former finance minister P Chidambaram said India would achieve the feat given the size of its population and there was …

Japan slips into recession; loses its spot as the world's third-largest economy
10 months, 4 weeks ago

Japan slips into recession; loses its spot as the world's third-largest economy

The Hindu  

Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China's was …

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany
11 months ago

Japan slips to the world's fourth-largest economy, behind the US, China and now Germany

The Hindu  

Japan has slipped to the world’s fourth-largest economy as government data released on January 15 showed it fell behind the size of Germany's in 2023. Japan’s nominal GDP totaled $4.2 trillion last year, or about 591 trillion yen. The latest data reflect the realities of a weakening Japan and will likely result in Japan’s commanding a lesser presence in the …

Japan slips into a recession and loses its spot as the world’s third-largest economy
11 months ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

Associated Press  

TOKYO — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s worst performing last year, also contracted in the last quarter, …

Japan slips into a recession and loses its spot as the world’s third-largest economy
11 months ago

Japan slips into a recession and loses its spot as the world’s third-largest economy

LA Times  

A sushi chef prepares a plate at the Toyosu Market in Tokyo. Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. Japan’s nominal GDP totaled $4.2 trillion last year, while Germany’s was $4.4 trillion, or $4.5 trillion, depending on the currency conversion. But its economy, one of the world’s …

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin
11 months, 2 weeks ago

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

Live Mint  

Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation. The ministry’s latest monthly economic review also said that under reasonable assumptions, India can …

India Projected to Become World's Third-Largest Economy by 2030
1 year, 1 month ago

India Projected to Become World's Third-Largest Economy by 2030

Deccan Chronicle  

New Delhi: American credit rating agency S&P Global Ratings said on Tuesday that India will become the world’s third largest economy by 2030 as it forecast the country’s gross domestic product or GDP growth reaching 7 per cent in the 2026-27 fiscal year. “India is set to become the third-largest economy by 2030, and we expect it will be the …

A $5 trillion economy, but for whom?
1 year, 1 month ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the …

India makes it to $4 trillion economy club
1 year, 1 month ago

India makes it to $4 trillion economy club

Deccan Chronicle  

New Delhi: Achieving a historic milestone, India's economy on Sunday crossed the $4 trillion mark in its gross domestic product in nominal terms for the first time ever, several media reports said, citing a purported screenshot of a live GDP tracker of all economies based on the IMF data. After the report surfaced in the media circle, BJP leaders, ministers …

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global
1 year, 2 months ago

India to surpass Japan to become second largest economy in Asia by 2030, says S&P Global

India TV News  

Indian economy: India, the world's fifth largest economy in the world, is likely to overtake Japan to become the world's third-largest economy with a GDP of USD 7.3 trillion by 2030, S&P Global Market Intelligence said in its latest issue of PMI. The acceleration of foreign direct investment inflows into India over the past decade reflects the favourable long-term growth …

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’
1 year, 5 months ago

India Should Be $5 Tn Economy by 2027-28, Says Member of EAC-PM Sanyal After Modi’s ‘Guarantee’

News 18  

With Prime Minister Narendra Modi declaring that India is expected to be the world’s third largest economy in the next five years on the 77th Independence Day from the ramparts of the Red Fort on Tuesday morning, Sanjeev Sanyal, member of Economic Advisory Council to the Prime Minister, spoke exclusively to News18 in which he stressed that more economic reforms …

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
1 year, 7 months ago

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman

Live Mint  

India's gross domestic product has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2014, said finance minister Nirmala Sitharaman on June 12. Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. Recently, ratings agency Moody's estimated the Indian economy to clock …

India will become world’s third largest economy by…
1 year, 9 months ago

India will become world’s third largest economy by…

Live Mint  

Union Minister Piyush Goyal said that India will become the third-largest economy by 2027. Prior to him, former chairman of NITI Aayog Arvind Panagariya had said that the country will become the world's third-largest economy by 2027-28. The SBI's Economic Research Department predicted that India would surpass Germany in 2027 and most likely Japan by 2029 at the current rate …

‘There is one shining star…’: Harsh Goenka on Indian economic growth
2 years, 2 months ago

‘There is one shining star…’: Harsh Goenka on Indian economic growth

Live Mint  

RPG Enterprise Chairman Harsh Goenka, hailing the growth of Indian economy, on Tuesday said there is one shining star that has steadily been rising up the ranks, while the world grapples with inflation, political instability, energy crisis, and currency collapse. The data shows that China's economic growth forecast stands at 3.2%, US 2.6%, Brazil 2.8%, South Africa 2.1%, and Euro …

India to grow at 6.1% in 2023, world's fastest among major economies: IMF
2 years, 3 months ago

India to grow at 6.1% in 2023, world's fastest among major economies: IMF

India Today  

The International Monetary Fund on Tuesday, October 11, revised its projection of India's economic growth in 2022 to 6.1 per cent, joining other international agencies that have also cut India's growth forecast. Despite the revision, India's growth is projected to be the fastest among major economies. In July, the IMF had said that India would grow at 7.4% in the …

China's Zhao Lijian 'corrects' Western media on India dislodging the UK to become the 5th largest economy
2 years, 3 months ago

China's Zhao Lijian 'corrects' Western media on India dislodging the UK to become the 5th largest economy

Op India  

Chinese Foreign Ministry spokesperson Zhao Lijian on Tuesday corrected the Western media’s take on India displacing the United Kingdom in becoming the 5th largest economy in the world. “Stop describing the world from the perspective of colonists,” Lijian tweeted while sharing a ‘corrected’ version of Bloomberg UK’s tweet on India’s leap to the 5th largest economy in the world. India …

DC Edit | Growth: India must aim higher
2 years, 4 months ago

DC Edit | Growth: India must aim higher

Deccan Chronicle  

India has finally overtaken its erstwhile colonial master, the United Kingdom, in terms of the size of the economy — the first time after nearly 150 years. In October 2016, India’s GDP was $2.29 trillion compared to $2.34 trillion of the Brexit-mauled UK economy — a difference of just $50 billion — which was expected to be erased by 2017. …

Uday Kotak gives a ’reality check’ as Indian economy becomes world’s 5th largest
2 years, 4 months ago

Uday Kotak gives a ’reality check’ as Indian economy becomes world’s 5th largest

Live Mint  

India has become the world's 5th largest economy, overtaking Britain and the unprecedented moment is hailed by several industrialists, business tycoons, and bankers. Ace banker Uday Kotak, the managing director of Kotak Mahindra Bank also hailed India for achieving such an impressive milestone but he also gave a reality check on the "population denominator". Kotak wrote, "Proud moment for India …

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report
2 years, 4 months ago

Indian Economy Likely To Become World's Third Largest By 2029: SBI Report

News 18  

Even as India has surpassed the UK in terms of gross domestic product to become the fifth largest economy, an SBI report now says that the Indian economy is expected to become the third largest in the world by 2029, overtaking Germany and Japan as well. The share of India’s GDP is now at 3.5 per cent, as against 2.6 …

India set to become 3rd largest economy by 2030, say experts
2 years, 4 months ago

India set to become 3rd largest economy by 2030, say experts

India TV News  

Highlights India overtook the United Kingdom as the fifth largest economy in the world Now, experts suggest that by 2030 India will become the third largest economy globally This is 2nd time India has beaten the UK in terms of economy, with the first one being in 2019 Indian economy news : After India overtook the United Kingdom as the …

India to be 2nd biggest economy in world by 2047: Commerce secretary
2 years, 4 months ago

India to be 2nd biggest economy in world by 2047: Commerce secretary

Live Mint  

Commerce secretary BVR Subrahmanyam said on Saturday India will become the second largest economy in the world by 2047. The commerce secretary also said India's exports grew by 17 percent year-on-year in the first five months of the current financial year. From April-August 2022-23, India's merchandise export was $192.59 billion compared to $164.44 billion in the corresponding period last year. …

India overtakes UK to become 5th largest economy in the world
2 years, 4 months ago

India overtakes UK to become 5th largest economy in the world

Deccan Chronicle  

NEW DELHI: India has overtaken the UK to become the world's fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. "Proud moment for India to pip the UK, our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK $3.2 trillion. India's GDP expanded 13.5 per cent in the April-June …

India overtakes U.K. to become fifth largest economy in the world
2 years, 4 months ago

India overtakes U.K. to become fifth largest economy in the world

The Hindu  

September 03, 2022 04:50 pm | Updated 06:10 pm IST - New Delhi: India has overtaken the U.K. to become the world's fifth-largest economy and is now behind only the US, China, Japan and Germany, according to IMF projections. "Proud moment for India to pip the U.K., our colonial ruler, as the 5th largest economy: India $3.5 trillion vs UK …

India becomes fifth-largest economy: What analysts are saying
2 years, 4 months ago

India becomes fifth-largest economy: What analysts are saying

Live Mint  

India has overtaken the UK to become the fifth-largest economy in the world. According to figures from the International Monetary Fund, India passed the United Kingdom to become the fifth-largest economy in the world in the last quarter of 2021. "Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy," Uday Kotak, Chief Executive Officer, …

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages
2 years, 4 months ago

Not Only Economy, India is Zooming Past Most Nations in Food, Heritage & Languages

News 18  

India has leapt past the UK in the last three months of 2021 to become the fifth-biggest economy in the world, according to International Monetary Fund data. The development comes just days after government data showed that India’s GDP rose 13.5 per cent in the June 2022 quarter of the FY 23. GDP Expands in First Quarter India’s economy grew …

India overtakes UK to become world\'s fifth biggest economy
2 years, 4 months ago

India overtakes UK to become world\'s fifth biggest economy

Deccan Chronicle  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign Secretary Liz Truss expected to beat former Chancellor of the Exchequer Rishi Sunak in the run-off. Overtaken The Indian economy …

India becomes the 5th largest world economy, overtakes UK
2 years, 4 months ago

India becomes the 5th largest world economy, overtakes UK

Op India  

India has overtaken the United Kingdom to become the 5th largest economy in the world, reported Bloomberg. Britain drops behind India to become the world’s sixth largest economy The former British colony jumped past the UK in the final three months of 2021 to become the fifth-biggest economy ⬇️ https://t.co/HT2xeFoIbr — Bloomberg UK September 2, 2022 “The UK’s decline down …

India beats UK to become world's fifth largest economy
2 years, 4 months ago

India beats UK to become world's fifth largest economy

India TV News  

India fifth largest economy: India overtook Britain to become the world's fifth-largest economy, reported Bloomberg. The Indian economy managed to topple the UK from its standing over the last three months of 2021. The report stated that the size of the Indian economy in 'nominal' cash terms in the March quarter was $854.7 billion while UK's stood at $816 billion. …

UK slips behind India to become world’s sixth biggest economy
2 years, 4 months ago

UK slips behind India to become world’s sixth biggest economy

Live Mint  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign …

UK slips behind India to become world’s sixth biggest economy
2 years, 4 months ago

UK slips behind India to become world’s sixth biggest economy

Hindustan Times  

Britain has dropped behind India to become the world’s sixth largest economy, delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The former British colony leaped past the UK in the final three months of 2021 to become the fifth-biggest economy. Conservative Party members choose Boris Johnson’s successor on Monday, with Foreign …

Indian economy 'can touch USD 20 trillion by 2047'
2 years, 4 months ago

Indian economy 'can touch USD 20 trillion by 2047'

Firstpost  

India, which is the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation New Delhi: Economic Advisory Council to the Prime Minister Chairman Bibek Debroy on Tuesday said Indian economy’s size will touch USD 20 trillion by 2047 provided the annual average growth is 7-7.5 per cent in the next 25 …

The fastest-growing large economy in the world
2 years, 5 months ago

The fastest-growing large economy in the world

The Hindu  

India represents one sixth of the world and is today the third largest economy in terms of purchasing power parity. Confident foreign investor Foreign investors have cumulatively poured in half a trillion dollars into India in the past three decades, after the economy opened up. This trait is inbuilt into the resilience, the durability, as also the malleability of the …

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor
2 years, 5 months ago

11% growth over next decade could make India world’s second largest economy by 2031: RBI Deputy Governor

The Hindu  

If India achieves a growth rate of 11% into the next decade, it would become the second largest economy in the world not by 2048 as projected earlier, but by 2031, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India on Saturday. Observing India’s progress in a cross-country setting, he said today, India was the world’s sixth largest economy …

Why China is unlikely to overtake the United States to become the biggest economy in the world
2 years, 10 months ago

Why China is unlikely to overtake the United States to become the biggest economy in the world

ABC  

For decades, it has been one of the great truisms of global foreign policy; the "inexorable rise of China". Never a question of if but only when, the betting amongst academics, politicians and diplomats has concentrated on how long it would take for China to overtake the United States as the world's biggest economy. "China would overtake the United States …

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’
3 years ago

‘India to surpass Japan as Asia’s 2nd largest economy by 2030’

The Hindu  

India is likely to overtake Japan as Asia’s second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the U.K. to rank as the world’s No.3, IHS Markit said in a report on Friday. “This rapid pace of economic expansion would result in the size of Indian GDP exceeding Japanese GDP by 2030, making …

World economy to top $100 trillion in 2022 for first time: Report
3 years ago

World economy to top $100 trillion in 2022 for first time: Report

India Today  

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday. British consultancy Cebr predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast …

India likely to become world's 3rd largest importer by 2050: Report
3 years, 3 months ago

India likely to become world's 3rd largest importer by 2050: Report

India Today  

India could become the world’s third-largest importer by 2050, according to a report released by the UK’s Department of International Trade. With a 5.9 per cent share of global imports by 2050, the country will become the third-largest importer, following China and the United States. As per the Global Trade Outlook report, the country’s position on the list will jump …

IMF projects India's growth rate to jump to impressive 12.5 per cent in 2021
3 years, 9 months ago

IMF projects India's growth rate to jump to impressive 12.5 per cent in 2021

India TV News  

The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the …

India's Foreign Exchange Reserves Surpass Russia's, Become Fourth Largest Globally
3 years, 10 months ago

India's Foreign Exchange Reserves Surpass Russia's, Become Fourth Largest Globally

News 18  

The foreign exchange reserves of India surpassed Russia’s and became the world’s fourth largest. According to a report in Bloomberg, the foreign exchange reserves of both India and Russia have declined after months of rapid increase. However, India pulled ahead as Russia’s holdings declined at a faster rate in recent weeks and the Reserve Bank of India continued to hoard …

IMF Projects Impressive 11.5 Per Cent Growth for India in 2021, Only Country with Double Digit Growth
3 years, 11 months ago

IMF Projects Impressive 11.5 Per Cent Growth for India in 2021, Only Country with Double Digit Growth

News 18  

The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register double-digit growth this year amidst the coronavirus pandemic. The International Monetary Fund’s growth projections for India in its latest World Economic Outlook Update released on Tuesday reflected a strong rebound in the …

IMF projects impressive 11.5% growth rate for India in 2021
3 years, 11 months ago

IMF projects impressive 11.5% growth rate for India in 2021

India Today  

The IMF on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic. In its latest update, the IMF projected an 11.5 per cent growth rate for India in 2021. IMF Chief Economist Gita Gopinath, during …

IMF's World Economic Outlook predicts a 8.8% growth for India in the next fiscal year
4 years, 3 months ago

IMF's World Economic Outlook predicts a 8.8% growth for India in the next fiscal year

Op India  

At the release of its World Economy Outlook October 2020 report, the International Monetary Fund has made some positive predictions regarding the Indian economy in its ‘World Economic Outlook’ report. If the Indian economy is able to achieve the growth rate as projected by the IMF, India will regain its position as the fastest growing economy in the world and …

IMF projects India’s growth rate at 1.9% in 2020 due to coronavirus
4 years, 9 months ago

IMF projects India’s growth rate at 1.9% in 2020 due to coronavirus

Hindustan Times  

The IMF on Tuesday projected a GDP growth of 1.9 per cent for India in 2020, as the global economy hits the worst recession since the Great Depression in the 1930s due to the raging coronavirus pandemic that has nearly stalled all economic activities across the world. The IMF said that other regions are projected to experience severe slowdowns or …

Five superpowers ruling the world in 2050
4 years, 9 months ago

Five superpowers ruling the world in 2050

BBC  

Five superpowers ruling the world in 2050 Yongyuan Dai/Getty Images Shanghai is China’s most populous city and one of the world’s largest seaports In 30 years, most of the world’s largest economies will be those that are emerging today, surpassing current behemoths such as the US, Japan and Germany. “Without Mandarin, you’re going to find your options pretty limited for …

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report
4 years, 10 months ago

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report

Firstpost  

The size of the UK economy is $2.83 trillion and that of France is $ 2.71 trillion New Delhi: India emerged as the world’s fifth-largest economy by overtaking the UK and France in 2019, says a report. A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic …

India expected to overtake Germany to become fourth-largest economy in 2026: Report
5 years ago

India expected to overtake Germany to become fourth-largest economy in 2026: Report

Firstpost  

India, which till recently was hailed as the world’s fastest-growing major economy, has seen growth rate decline to a six-year low of 4.5 percent in the September quarter of 2019-20 New Delhi: India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third-largest in 2034, according a recent report by the UK-based Centre for …

India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy
5 years ago

India expected to overtake Germany, become fourth-largest economy by 2026, says report by UK-based economics consultancy

Firstpost  

The report further said India is also set to reach a gross domestic product of USD 5 trillion by 2026, 2 years later than the government’s target. New Delhi: India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034, according a recent report by the UK-based Centre for Economics and …

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