Vice Chancellor Prof. Yogesh Singh hoisted the flag at University of Delhi on the occasion of the 78th Independence Day and said that India has progressed a lot in 77 years of independence.
China's manufacturing sector has experienced a decline for the third month in a row, as of July, with demand remaining weak despite recent government efforts to stimulate the economy in the world's second-largest economy.
"I think this is a budget for new India," Goyal remarked, underlining the government's commitment to transforming India into the third-largest economy in the world.
Union Minister of Commerce and Industry Piyush Goyal on Tuesday said that the Budget 2024-25 reflects the budget for New India and the nine priorities figured out by the Finance Minister will ensure that country becomes the third-largest economy in the world.
Bharatiya Janata Party leader Gourav Vallabh on Monday highlighted the financial and growth aspects of the Indian economy and said that India is the only country that has seen "high growth" and "low inflation".
This gathering assumes significant importance as China, the world's second-largest economy, grapples with a myriad of challenges including a property sector crisis, escalating local government debt, and strained consumer demand amid geopolitical tensions with Western nations.
India can become the second largest economy by 2031 and the largest economy in the world by 2060, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI) during a program at the Lal Bahadur Shastri National Academy of Administration, Mussoorie.
This optimism contrasts sharply with findings from an official government survey released on Sunday, which highlighted a contraction among larger, state-owned manufacturers. This disparity underscores the ongoing unevenness in the recovery of the world's second-largest economy.
"Uttar Pradesh is home to over 9 million MSME units. In 2017, the state had the sixth-largest economy in India, but today, it has become the second-largest economy in the country. Economic growth has made UP a leader in employment generation. MSME entrepreneurs have been crucial in advancing
Newly elected President of the Confederation of Indian Industry (CII) and Managing Director of ITC, Sanjiv Puri, stated that within a few years, India will undoubtedly be among the world's top three economies.
National Security Advisor (NSA) Ajit Doval on Friday emphasized the necessity of strong border security in light of India's projected growth to a USD 10 trillion economy and becoming the world's third-largest economy within the next decade, with a particular focus on technological advance