India will have century under Modi rule, third largest economy in 10 years

Under the leadership of Prime Minister Narendra Modi, the country’s economy remains strong even during the Corona crisis. Punit Ranjan, Global CEO of Deloitte has said that India will be the fastest growing economy in 2022. Its growth rate is likely to be 8-9 percent. He said that although the corona infection is an obstacle in the way of economic development, but if India tackles the epidemic, then this century will be in her name because the economic momentum is in her favour. Deloitte CEO said that if India tackles Corona then I am sure

He will lead others in the development of large economies. The special thing is that in the next 10 years, an economy of $ 6-7 trillion will be made. In terms of size, it will reach the third place among the world’s economies. India remained on top of the emerging markets league table for the second consecutive month in December, driven by strong exports and improved manufacturing activity. Mint Emerging Market Tracker was launched in September 2019.

According to the Mint Emerging Market Tracker, despite losing some momentum due to the coronavirus pandemic, the manufacturing and service activity sector in India expanded in December, with new jobs and production growth picking up. Mint Emerging Market Tracker considers 7 high-frequency indicators across 10 major emerging markets to assess India’s position in the league table. India continues to top the list of emerging markets with 77 points according to Mint Emerging Market Tracker

The United Nations (UN) has praised India’s corona vaccination program and described India’s growth rate as the fastest in the world. The UN said that India’s growth rate is projected to grow at 6.7 percent in the fiscal year 2022, which will be the fastest growth rate in the world. The UN has said in the World Economic Situation and Prospects 2022 report that the global growth rate will be only four percent. The report said that the rapid pace of vaccination, government support and favorable fiscal is on a strong path.

Not only the countrymen but also foreign investors trust Prime Minister Modi’s amazing leadership ability and his policies. In the midst of the fear of a third wave of Corona, the speed of vaccination and the way Modi has taken the lead has strengthened the confidence of the people. Economic activities have started getting back on track. As a result, the Indian economy is expected to grow rapidly this year. According to the Office of National Statistics, the Indian economy is projected to grow at a rate of 9.2 percent in 2021-22.