During his third term, Prime Minister Narendra Modi expressed strong confidence in India’s potential to emerge as the world’s third-largest economy. He delivered this message while speaking to India Inc at the ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25’ conference. Modi highlighted the keen interest of global investors in India and urged local industries to capitalize on this significant opportunity to contribute to the vision of achieving Viksit Bharat by 2047.
In his address, Modi criticized the UPA regime, underscoring that his administration had tripled India’s budget over the span of a decade, increasing it from 16 lakh crore in 2014 to 48 lakh crore in 2024. He emphasized India’s unique position amidst global uncertainties, citing the country’s impressive growth rate and low inflation levels. Despite facing economic challenges in the last decade, India has maintained a 16% share in global growth.
“The combination of high growth and low inflation sets India apart on the world stage, making our fiscal policies a beacon for others to follow,” stated the Prime Minister.
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