India has the potential to become $10 trillion economy by 2032: Report
The country is expected to become a $4 trillion economy in 2024–2025, which would make it the world's fourth-largest economy.
The country is expected to become a $4 trillion economy in 2024–2025, which would make it the world's fourth-largest economy.
According to the World Bank, the Indian economy continues to grow at a healthy pace and the country's medium-term outlook remains positive.
India’s economic performance in the April-June quarter, though slightly below expectations, continues to demonstrate the resilience that has positioned it as the world’s fastest-growing major economy. With a GDP growth of 6.7 per cent year-on-year, India outpaced China’s 4.7 per cent growth during the same period.
Prime Minister Narendra Modi on Tuesday released the Big Bang Numbers on the Indian economy as part of his Bi-Weekly Bharat newsletter for the fortnight of July 15-31 on the Namo app.
The Indian economy faces a multifaceted challenge as food prices continue to rise, exerting significant pressure on households and policymakers alike.
In light of the recent setback in the general election, Prime Minister Narendra Modi’s government faces the urgent task of revitalising the Indian economy and addressing concerns expressed by voters.
Around 150 years ago, British PM Benjamin Disraeli said: “There are three types of lies ~ lies, damn lies, and statistics” ~ a statement as true today as it was the day it was made. A recent example would suffice.
Green shoots of recovery in rural markets, improving employment conditions and sustained momentum in manufacturing and services sectors augur well for consumption demand in the near term, the report said.
Attacking Congress, he said that they worked to give constitutionally backward class reservation to Muslims.
The better outlook is fueled by lower inflation, robust exports, and increased foreign investments, Hamid Rashid, the chief of the UN’s Global Economic Monitoring Branch, said on Thursday.
