International Monetary Fund Asia & Pacific Director Krishna Srinivasan on April 20 praised India’s growth trajectory under Prime Minister Narendra Modi’s regime. Speaking to ANI, he said, “India has successfully navigated multiple shocks we’ve seen in the recent past, starting from the pandemic to the war in Ukraine and then the recent tensions in the Gulf. Growth at 6.8 per cent in 2024-25 is a very impressive number. And this is largely led by private consumption and public investment. I don’t see any red flags in the near term, but I would highlight one important aspect. Now, India has a young, growing population. India is likely to add about 15 million people to the labor force every year. Now, if you want to benefit from this demographic change, you will need lots of reforms. I think in particular, I would emphasize the need for significant investment in education and healthcare so that this growing labor force can contribute productively to the economy.”
20 April,2024 04:17 PM IST
Weighing in on India's growth rate during a debate on the state of the national economy amid the prevailing global challenges in the Rajya Sabha on Day 2 of the ongoing Parliament Winter Session, BJP MP Sudhanshu Trivedi on December 05 said the country's robust GDP numbers reflect the “growth rate of Hindutva”. In a veiled dig at the previous Congress-led United Progressive Alliance (UPA) government at the Centre, Trivedi said the Indian economy was striving to go beyond 2 per cent, which was jokingly labelled as the “Hindu rate of growth”.
06 December,2023 10:56 AM IST
The International Monetary Fund (IMF) in its flagship World Economic Outlook projected that India will be the fastest-growing economy in the world amid financial sector turmoil, high inflation, ongoing effects of the Russia-Ukraine war, and three years of COVID. IMF lowered its growth projection for 2023-24 to 5.9 per cent from 6.1 per cent earlier but despite a significant drop, India continues to be the fastest-growing economy in the world, the World Economic Outlook figures revealed
12 April,2023 06:27 PM IST | Mumbai
According to Piyush Goyal, Minister of Commerce and Industry, India is on track to become a $30 trillion economy in the next 30 years by its robust GDP growth. During the Luncheon interaction with the Institute of Chartered Accountants of India (ICAI), he said, "India has undergone game-changing economic reforms. There is renewed enthusiasm to expand the frontiers of economic activity. Growth rates in India suggest we are on course to become a $30 trillion economy in 30 years.” The Union Minister is on an official visit to the United States where he will attend the first Indo-Pacific Economic Framework (IPEF) ministerial meeting.
06 September,2022 03:09 PM ISTADVERTISEMENT
