PM Modi hails India topping the charts as quickest rising giant financial system

Prime Minister Narendra Modi has hailed India’s continued stellar present on the financial progress entrance, noting that the nation is ready to prime the ten quickest rising main economies rating within the present calendar yr (2024) as nicely.

The July 2024 World Financial Outlook replace of Worldwide Financial Fund  has projected that India’s actual GDP progress will contact 7 per cent in 2024 to stay because the quickest rising main financial system on the earth. 

India will, this yr, in actual GDP progress fee phrases, outpace each the USA and China, that are projected to develop at 2.6 per cent and 5 per cent respectively, in accordance with IMF report. This IMF report is a intently watched one as it’s an indicator of worldwide financial tendencies.

Even in 2022 and 2023, India remained because the quickest rising main financial system on the earth and surpassed the actual GDP progress fee of each the US and China in these years.

“Prime Ten Quickest Rising Main Economies within the World 2024: India Beats U.S., China within the Rating!,” mentioned a PMO India publish in social media platform X, previously Twitter, on Tuesday, referring to the forecasts and information of IMF WEO replace launched final month.