The work of the NDA government under the leadership of Prime Minister Shri Narendra Modi has been profusely lauded by leading international bodies for the policies that have initiated the wheels of change in India.
The World bank expressed hope that India is expected to grow at a phenomenal pace of 6.4% in 2015-16 as against a 5.6% in 2014-15. The World Bank added that this is linked to what they called ‘the Modi dividend.’ The World Bank added that investment is set to pick up due to the government’s policies and even the declining oil prices.
The positive sentiment has been echoed by the President of the World Bank, Mr. Jim Yong Kim. Mr. Kim said that "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people. He even praised the Jan Dhan Yojana, the effort of the Government of India towards financial inclusion.
The International Monetary Fund pointed that due to the reform drive by PM Modi and the declining oil prices, the Indian economy will grow faster than what is expected and will even outplace China. The IMF also linked the reforms to rising investor confidence.
The Organisation for Economic Co-operation and Development (OECD) has opined that the economic reforms in India are poised to put the Indian economy on a strong, sustainable and inclusive growth path. This again points to the reformist zeal of Prime Minister Shri Narendra Modi.
The leading and respected global agency, Moody’s has upgraded India’s rating outlook to “positive” from the previous “stable.” This is again seen as a major boost for investors and a thumbs-up to the reform drive of the Prime Minister and his team.
A similar optimistic response on India’s growth came from the United Nations, whose mid-year update on the World Economic Situation and Prospects puts India’s growth above 7% for this year and the next year.
Thus, the reformist zeal of the Prime Minister and the quick pace of the wheels of reforms have drawn the attention of the world, which is appreciative of India and optimistic about the Indian economy.
