Indian Economy | Big jump in GDP, India beat these countries, what is success mantra of Modi government

File Photo Delhi: India’s sting is ringing all over the world. India has taken giant leaps on the path of development without stopping. The Indian economy has been making promising progress over the last two to five years. Indian economy is booming. Union Finance Minister Nirmala Sitharaman (FM Nirmala Sitharaman) gave information about Vikas Ganga. According to this, India has made a big jump in Gross Domestic Product (GDP) in these 9 years. The GDP in 2014 was $2 trillion. Now the Indian economy has reached 3.75 trillion dollars. Due to this, many big economies have become heavy on the Indian economy. Taken this way, however, India’s economy has taken a leap even as global economies are reeling from inflation and other woes. Indian economy has dropped from 10th place to 5th place. India has left behind the country of white gentlemen who once ruled India. According to the IMF, India has overtaken Britain to become the world’s fifth largest economy only last year. Only four economies are ahead of India in terms of GDP. This includes America, China, Japan and Germany. Union Finance Minister Sitharaman has claimed that India has now emerged as the biggest bright spot in the world. Large increase in domestic product due to higher exports The National Statistical Office (NSO) has recently released a figure. India’s GDP (real GDP) at factor cost is projected to grow by 6.1% in the fourth quarter of FY 2022-23. The target of keeping the growth rate at 7.2% during the financial year has been achieved. Last week, RBI Governor Shaktikanta Das indicated that the Indian economy and financial sector is gaining momentum. Real GDP growth for the financial year 2023-24 is estimated at 6.5%. Also read China’s rise During the years 2019 and 2020, China has performed better than India. China’s economic growth rate in 2019 was 6% while India’s growth rate was 3.9%. In the pre-Covid era, China’s economic growth slowed to 2.2% and India’s to 5.8%. China has achieved an average growth rate of over 6% over the 9 years from 2014 to 2022. India’s GDP during the same period was 5.7%. But it comes to the fore that even a year before Kovid, the Indian economy has taken an edge over China.

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