India Emerges Strong: Indian economy grew at 7.9 per cent in the fourth quarter of 2015-16 taking the overall GDP growth to a five-year high of 7.6 per cent in the fiscal.
India Emerges Strong and is considered as one of the possible emerging superpowers of the world
India is considered as one of the possible emerging superpowers of the world. Economic growth is projected to remain strong, hovering around 7.5%. Private consumption will be boosted by expected large increases in public wages and declining inflation. Investment will pick up gradually as excess capacity fades, deleveraging continues for corporations and banks, and infrastructure projects mature.
According to IMF, India’s growth will continue to be driven by private consumption “which has benefited from lower energy prices and higher real incomes”. With such a high growth number, India has managed to retain its tag of the world's fastest growing major economy — outpacing even China.
Q4 GDP growth powers Indian economy to $2 trillion. While the Economic Survey has projected that the economy will grow within a wide band of 7-7.75% in 2016-17, Finance minister Arun Jaitley has expressed hopes of the economy growing over 8% in the year after the India Meteorological Department said the monsoon would be normal.
India Emerges Strong : What our Prime Minister Modi has in his mind while he addressed the US Parliament
My dream is to economically empower them ( youth of India) through many social and economic transformations. And, do so by 2022, the seventy-fifth anniversary of India’s independence.
My to-do list is long and ambitious. But you will understand.
• A vibrant rural economy with robust farm sector;
• A roof over each head and electricity to all households;
• To skill millions of our youth;
• Build 100 smart cities;
• Have a broad band for a billion, and connect our villages to the digital world;
• And create a twenty-first century rail, road and port infrastructure.
These are not just aspirations; they are goals to be reached in a finite time-frame.
And, to be achieved with a light carbon foot print, with greater emphasis on renewables.
-- Indian Prime Minister Modi