Indian Economy News

India is one of the fastest-growing major economies in the world: Prime Minister, Mr. Narendra Modi

  • IBEF
  • March 4, 2024

Prime Minister, Mr. Narendra Modi emphasized the imperative of positioning India as a developed nation by 2047, citing its status as one of the world's fastest-growing major economies. During a public rally in Sindri, Prime Minister, Mr. Narendra Modi underscored the recently unveiled economic statistics for the quarter ending December 2023, revealing a robust growth rate of 8.4%. He highlighted the government's decade-long commitment to Jharkhand's development, particularly focusing on uplifting the tribal community, impoverished youth, and women.

He expressed the ambition to transform India and Jharkhand into developed entities, linking the state's prosperity to the overall goal of a developed nation. He commended the state's progress and expressed confidence in Jharkhand's pivotal role in realizing the vision of a developed India by 2047. Meanwhile, Chief Minister of Jharkhand, Mr. Champai Soren, and Union Minister for Agriculture & Farmers’ Welfare and Tribal Affairs, Mr. Arjun Munda, at a rally in Sindri, echoed the importance of enhancing irrigation facilities and agricultural productivity. Mr. Munda highlighted significant growth in the agriculture sector's budget allocation, emphasizing a positive trajectory from 2013-14 to 2023-24. The overall backdrop of the narrative showcases India's robust economic growth, with a GDP expansion of 8.4% in the latest quarter, positioning the country as the fastest-growing major economy globally.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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