India Emerges As A Global Superpower: Union Home Minister Amit Shah has praised the Economic Survey 2023. He said on Tuesday (January 31) that this survey is proof that the experienced captain PM Modi has navigated the ship of the economy in a precise manner by fighting the stormy waves of the epidemic. Shah tweeted that when the world is facing recession, growth and optimism in all sectors shows that India is ready to emerge as a global superpower.
world’s fastest growing economy
Union Home Minister Amit Shah said that India’s economy is expected to slow down by 6.5 per cent in the financial year starting April, but even then it will remain the world’s fastest growing major economy as it has excelled in dealing with the extraordinary challenges faced by the
#EconomicSurvey2023 reaffirms that a seasoned captain PM @narendramodi has smoothly navigated the economy through the rocky waters of the pandemic. When the world is suffering a slowdown, growth and optimism in all sectors show that India is set to emerge as a global superpower.
— Amit Shah (@AmitShah) January 31, 2023
6.8 percent increase in GDP is to be registered
According to the Economic Survey 2023, India is expected to register a growth of 6.0 per cent to 6.8 per cent in gross domestic product (GDP) in 2023-24, depending on the economic and political developments globally. This optimistic growth forecast stems from several positives. These include positives such as increased private consumption, boosting production activity, higher capital expenditure-Capex, universal immunization coverage, enabling people to spend on contact-based services like restaurants, hotels, shopping malls.
Along with ensuring the return of migrant labor to cities to work at construction sites for growth, which had led to a significant drop in housing market inventory, as well as strengthening the balance sheets of corporates, well-capitalized ( Well-Capitalized) public sector bank has to work to increase credit supply and credit in the micro, small and medium enterprises (MSME) sector.
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