Stressing the importance of making India a developed nation by 2047, Prime Minister Narendra Modi on Friday said that India is one of the fastest-growing major economies in the world today and highlighted the economic statistics for the latest quarter that emerged yesterday.
India's GDP expanded by a remarkable 8.4 per cent during this period, following consecutive quarters of over 8 per cent growth. This surge has been attributed to effective policy frameworks and perspectives, which have surpassed irrational market expectations.
The CEA said that demand conditions are favourable, reflected in healthy passenger vehicle sales, domestic air passenger traffic, and a buoyant construction sector
Calling urbanisation as one of the defining trends of the 21st century, Union Housing Minister Hardeep Singh Puri said on Thursday that two-thirds of the world's population will live in cities by 2050, according to an official statement from the Ministry of Housing & Urban Affairs.
India's GDP grew at a massive 8.4 per cent during the October-December quarter of the current financial year 2023-24 and the country continued to remain the fastest-growing major economy.
Prime Minister Narendra Modi has said the robust 8.4 per cent GDP growth in the third quarter of 2023-24 shows the strength of the Indian economy and also its potential and the government will continue its efforts for fast economic growth to create 'Viksit Bharat'
The Indian economy grew 7.8 per cent and 7.6 per cent during the preceding two quarters - April-June and July-September, data released by the Ministry of Statistics and Programme Implementation on Thursday showed.
Karnataka Chief Minister Siddaramaiah said on Thursday that the previous BJP government did not achieve any progress; they just "looted" adding that the state government implemented guarantee schemes along with development programmes.
Indian stock indices were steady Thursday morning, with investors bracing for October-December quarterly GDP data slated to be released later in the day.
According to their report, the GDP growth is likely to be at 6.8 per cent, based on an unchanged base, but could potentially hit 7 per cent due to expected downward revisions in the estimates for Q3 FY23.
"Compared to the last time, the Budget increased by 11.37%...The GDP at the national level is estimated to be 7.3% and our estimation (that of the state) is 8%. So, our growth rate is higher than that of the national level," Haryana Chief Minister Manohar Lal Khattar said in a press conferen
Uttar Pradesh Chief Minister Yogi Adityanath said that India is making rapid strides in development in Azaadi ka Amrit Mahotsav, becoming the fifth largest economy in the world, leaving behind Britain, which ruled the country for two centuries, and now it is set to become the third largest e