India included in the growing economies of the world, soon became the leader

Under the leadership of Prime Minister Narendra Modi, the country’s economy remains strong even during the Corona epidemic and Russia-Ukraine crisis. Global consulting firm KPMG has said that India will be among the fastest growing economies of the world in the year 2022. India’s growth rate can be 9.2 percent in the financial year 2021-22 and 7.7 percent in 2022-23. KPMG says that the current policies of the Government of India will keep the economic momentum going.
The focus on strengthening the 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.
Industry body FICCI says that the country’s GDP growth rate can be 7.4 percent in the financial year 2022-23. In the latest Economic Outlook Survey report released on Sunday, Ficci has forecast a growth of 7.4 per cent in the current fiscal, but has also been cautious about the risks associated with growth. The FICCI Economic Outlook Survey has projected a growth rate of 5.9 per cent for the industry and service sector and 8.5 per cent for agriculture and allied activities at 3.3 per cent. The report said that due to the ongoing Russia-Ukraine fight, prices remain a major challenge to the global economic revival. According to the Economic Outlook Survey report, the Reserve Bank of India can start the process of raising interest rates in the second half of the year 2022.
International rating agency Moody’s Investors Service has projected India’s growth rate to be 9.5 percent in the current financial year 2021-22. Earlier, Moody’s had predicted a growth rate of 7 percent. Moody’s has said in its Global Metro Outlook 2022-23 report that the Indian economy is recovering rapidly after the Corona epidemic and the second wave. Moody’s has said that retail activity has increased in India along with pick-up in sales tax collection and improvement in PMI. Moody’s has projected the Indian economy to grow at 8.4 percent in the fiscal year 2022-23.
Under the leadership of Prime Minister Narendra Modi, the country’s economy remains strong even during the Corona crisis. NITI Aayog CEO Amitabh Kant said that the Indian economy is growing at 9.2 per cent and this momentum is expected to continue in the coming years as well.
Addressing an event of All India Management Association, he said that India is witnessing unprecedented level of economic development and technological changes today. The economy is growing at the rate of 9.2 percent and this pace of growth is expected to continue in the coming years as well. With this, we are one of the countries to achieve rapid economic growth among the world’s major economies. include reducing. Referring to the Production Based Incentive Scheme (PLI), he said it would increase the country’s production by $520 billion in the next five years and make India a part of the global supply chain.
India tops the list of emerging markets for the third consecutive month
India continues to top the emerging markets league table for the third consecutive month in January 2022 on the back of strong exports and strong manufacturing activity. According to the Mint Emerging Market Tracker, despite the Omicron variant of the corona pandemic, the manufacturing and service activity sector in India expanded in January and the growth of new jobs and production remained strong. Mint Emerging Market Tracker was launched in September 2019. Mint Emerging Market Tracker considers 7 high-frequency indicators across 10 major emerging markets to assess India’s position in the league table. These 7 indicators include indicators such as PMI, real GDP growth, currency exchange rate fluctuations and capitalization of the stock market. In this tracker, every indicator is given equal weightage. According to the Mint Emerging Market Tracker, India continues to top the list of emerging markets with 81 points, while Indonesia is second with 68 points. Brazil is third, Thailand fourth, Russia fifth and China seventh.