India will remain the highest growing economy in the world

Under the leadership of Prime Minister Narendra Modi, the country’s economy remains strong even during the Corona crisis. Noted economist and member of the monetary policy committee of the Reserve Bank, Ashima Goyal has said that India has come out of difficult times on the basis of better macroeconomic parameters. We are slowly making progress in the direction of generalisation. He said that the announcement of the government to stick to the path of ‘strong’ in the upcoming budget will give a good signal regarding control and adaptability.

Earlier, recently the Reserve Bank of India said that the Gross Domestic Product (GDP) is expected to be 9.5 percent in the current financial year 2021-22. According to Reserve Bank Governor Shaktikanta Das, signs of a boom in economic activity are showing improvement. He said that the effect of the second wave of corona in the country has reduced and economic growth will be better from the second quarter. Das said that the Reserve Bank decided to give more emphasis on economic growth due to the epidemic.

According to a survey by the Reserve Bank of India, people are very optimistic about the future conditions after the corona epidemic. With this, the Reserve Bank expects the growth rate to be more than 9.5 percent in the current financial year. The Consumer Confidence Index, which was 48.6 in July, has risen to 57.7 in September. Also, the Futures Expectations Index was 104 in July, it has increased to 107 in September. These are signs of a better economy of the country.

The CEOs of most companies in the country have projected the rate of economic growth to be up to 10 percent in the current financial year. According to a survey conducted by the Confederation of Indian Industry (CII) among the members of the CII National Council, about 56 percent CEOs have estimated the growth rate to be 9 to 10 percent in the current financial year, while 10 percent have expected its growth rate of 10 percent. Told to go above. About 100 CEOs took part in this survey.

Switzerland-based brokerage Credit Suisse has said that activities in the Indian economy will be surprisingly positive and economic growth is likely to be 9 percent in the next financial year. The firm says that the GDP growth rate for the current financial year has been estimated to be around 10.5 percent. This is higher than the average estimate of 8.4-9.5 per cent given by various agencies. According to Credit Suisse, positive developments in the economy are expected to continue