India is World's Fastest-Growing Big Economy

Published By : Admin | February 9, 2015 | 22:02 IST
Share
 
Comments

India on Monday forecast that annual economic growth would accelerate to 7.4 per cent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy.
The new estimate is sharply higher than the Reserve Bank of India's (RBI) growth projection of around 5.5 per cent under the old method as well as a revised 6.9 per cent growth a year earlier.
Under the new method, the economy grew 7.5 per cent in the quarter ending in December, outpacing China's 7.3 per cent growth in the latest quarter and making India the fastest growing major economy in the world.
The revisions mark a dramatic turnaround for an economy that barely a fortnight ago was assumed to be still struggling to gather momentum under Prime Minister Narendra Modi's reform-minded government. Prior to PM Modi's election last May, the economy had endured its weakest phase of growth since the 1980s.
Courtesy: NDTV

Modi Masterclass: ‘Pariksha Pe Charcha’ with PM Modi
Share your ideas and suggestions for 'Mann Ki Baat' now!
Explore More
Do things that you enjoy and that is when you will get the maximum outcome: PM Modi at Pariksha Pe Charcha

Popular Speeches

Do things that you enjoy and that is when you will get the maximum outcome: PM Modi at Pariksha Pe Charcha
Travel by night, business by day: Decoding PM Modi's foreign visits ahead of Quad

Media Coverage

Travel by night, business by day: Decoding PM Modi's foreign visits ahead of Quad
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
PM congratulates H. E. Anthony Albanese for the victory of the Australian Labor Party, and his election as PM
May 21, 2022
Share
 
Comments

The Prime Minister, Shri Narendra Modi has congratulated H. E. Anthony Albanese for the victory of the Australian Labor Party, and his election as the Prime Minister.

In a tweet, the Prime Minister said;

"Congratulations @AlboMP for the victory of the Australian Labor Party, and your election as the Prime Minister! I look forward to working towards further strengthening our Comprehensive Strategic Partnership, and for shared priorities in the Indo-Pacific region."