Indian economy will grow the fastest, giving relief is commendable

The Government of India has given discounts in the prices of petrol, diesel and LPG, it appears that despite the ongoing conflict between Corona and Russia-Ukraine, the country’s economy under the leadership of Prime Minister Narendra Modi remained very strong even in times of Corona and Ukraine crisis. Is. Now a United Nations report has also said that India will continue to be the fastest growing major economy despite the negative impact caused by the Russia-Ukraine conflict across the world. The United Nations, in its recent report on the state of the global economy, has projected the growth rate of the Indian economy to be 6.4 percent in the year 2022.
Whereas the report has projected the global economy to grow at a rate of 3.1 percent in the year 2022. The report said that India is in a better position in this matter.
Rating agency Icra has said that in the first quarter of the current financial year, April-June 2022, the Indian economy will grow at the rate of 12-13 percent. According to ICRA, the Business Activity Index reading in April was the second highest in 13 months, due to which the economy is expected to grow at 12-13 per cent in the June 2022 quarter. By the way, in the midst of the ongoing war between Russia and Ukraine, due to RBI’s strict monetary policies and inflation, GDP growth can be 7.2 percent in the full financial year 2022-23.

Under the leadership of Prime Minister Narendra Modi, the country’s economy remains strong even during the Corona epidemic and Russia-Ukraine crisis. TV Narendran, president of the Confederation of Indian Industry, said the Indian economy could grow at 7.5 to 8 percent in the current fiscal year 2022-23. They will have a major role in the development of exports. He said that this year the economy will see good growth, so we are very optimistic on the export front. Narendran said that the growth forecast for the current financial year remains in the range of 7.5 to 8 per cent. The International Monetary Fund has placed its growth forecast for India at 8.2 percent.

The Indian economy is growing faster than other countries of the world due to the strategic reforms of the Modi government and the acceleration in the corona vaccination campaign. According to the International Monetary Fund’s (IMF) World Economic Outlook report, India will continue to be the world’s fastest growing major economy in 2022 with a growth rate of 8.5 percent. The special thing is that in 2022, except India, in no other country, this growth rate has been projected to go above 6 percent. India has left China and America far behind in terms of economic growth rate. IMF confident, India will lead the global economy
The International Monetary Fund (IMF) has said that India-led South Asia is moving towards becoming the center of global growth and by 2040 it alone could account for one-third of the growth. A recent IMF research document said that by successfully leveraging infrastructure improvements and a young workforce, it could contribute up to a third of global growth by 2040. Anne Marie Gulde Wolff, Deputy Director of the IMF’s Department of Asia and the Pacific, said that we see South Asia moving forward as a global growth hub.
India will be one of the fastest growing economies- KPMG
Global consulting firm KPMG said that in the year 2022, India will be among the fastest growing economies of the world. It may remain 7.7 percent in the financial year 2022-23. KPMG says that the current policies of the Government of India will keep the economic momentum going. The focus on strengthening infrastructure and investments being made in this sector will not only accelerate the growth rate, but will also reduce unemployment. According to KPMG, the recovery rate of the Indian economy has increased after Corona. Mobility index, direct tax collection, demand for electricity are all registering a boom due to the progress on the economic reforms front and pick-up in demand.