PM Modi Hails Economic Progress, Pledges to Propel India Towards a "Viksit Bharat"
India, 1 March, 24: In a significant development, Prime Minister Narendra Modi took to social media platform X to laud India's remarkable economic progress, citing a robust 8.4% GDP growth in the third quarter of the financial year 2023-24. Despite global challenges such as the ongoing Ukraine war and tightening by the FED, India's economy has demonstrated resilience and potential under PM Modi's leadership.
The latest GDP figures underscore India's position as the fastest-growing major economy globally, even as countries like Japan and the UK grapple with recessionary pressures. This surge in economic growth is a testament to the concerted efforts and policies implemented by the Indian government to drive progress and prosperity across the nation.
Minister of Commerce and Industry, Piyush Goyal, echoed PM Modi's sentiments, emphasizing the significance of "Modi Ki Guarantee" in steering India's growth trajectory. Goyal, who oversees the commerce and industry portfolio, reiterated that under PM Modi's steadfast leadership, India's growth story remains unstoppable, reflecting the country's unwavering commitment to economic advancement.
India's GDP growth rate for the financial year 2023-24 showcases a consistent upward trend:
April-June: 7.8%
July-September: 7.6%
October-December: 8.4%
Despite earlier speculations, prominent figures like former RBI Governor Raghuram Rajan had predicted that India would struggle to achieve over 5% GDP growth. However, the latest data defies such projections, positioning India as a frontrunner in global economic resurgence.
Moreover, the International Monetary Fund (IMF) has forecasted that India's economic performance will surpass that of major economies such as China, the US, Pakistan, Japan, France, the UK, and Germany in the financial year 2023-24. This optimistic outlook reflects India's potential to emerge as a key driver of global economic growth and stability.
As India continues its trajectory of rapid economic expansion, PM Modi's vision for a "Viksit Bharat" (Developed India) appears increasingly within reach, promising a brighter future for all 140 crore Indians.
