India has once again demonstrated its economic prowess, recording a remarkable GDP growth of 8.2 pc for FY24. This impressive performance propelled India’s position as the fastest-growing major economy in the world. Prime Minister Narendra Modi posted on ‘X’ Friday late evening, celebrating the nation’s economic achievements and forecasting even brighter days ahead. India’s GDP 8.2 FY24
“The Q4 GDP growth data for 2023-24 shows robust momentum in our economy which is poised to further accelerate. Thanks to the hardworking people of our country, 8.2% growth for the year 2023-24 exemplifies that India continues to be the fastest-growing major economy globally. As I’ve said, this is just a trailer of things to come,” PM Modi posted on ‘X’, highlighting the significant strides made by the Indian economy.
The 8.2 pc growth rate reflects not only the resilience of the Indian economy but also the effectiveness of policies aimed at fostering sustainable development. India’s growth trajectory has been driven by various factors, including increased industrial production, robust consumer spending, and a surge in export activities. Additionally, the government’s focus on infrastructure development, digitalization, and policy reforms has created a conducive environment for economic expansion.
Experts attribute this impressive growth to the collective efforts of the Indian workforce and the strategic initiatives undertaken by the government. The latest GDP figures are a testament to the country’s economic stability and its potential for future growth. The achievement is expected to boost investor confidence and attract more foreign direct investment, further propelling India on its path to becoming a global economic powerhouse.
With the promise of continued growth, the Indian economy is poised to set new benchmarks. The government’s commitment to maintaining this momentum suggests that the coming years could see even higher growth rates, potentially leading to improved living standards and economic prosperity for millions of Indians.
