Tag: India

Indian economy is making longer strides than it ever made before. And the evidence of the glorious journey does not come from New Delhi but from the World Bank and India’s Asian rival China. Major global institutions have predicted economic growth of over 6 percent even as India enjoys the fast-rising foreign exchange. Indian economy is likely to remain resilient despite the global problems. [1]   The world is heading to global recession, the World Bank has warned.[2] However, India is going to have the fastest growth rate among the world’s largest economies. “In India, growth is expected to edge up to 6.4 percent in 2024-25,” it said.[3] India's proposed growth rate is impressive as compared to the world average of 2.4 percent and China’s deceleration to 4.4 percent.[4] Even b...

Prime Minister Narendra Modi will grace the inauguration of the Bochasanwasi Akshar Purushottam Swaminarayan (BAPS) Sanstha temple in Abu Dhabi, the capital of the United Arab Emirates, next February. This invitation is extended by representatives of the BAPS organization led by Swami Ishwarcharandas and Swami Brahmaviharidas that marks a significant moment for the Hindu community in the UAE. Set to bloom amidst the desert sands, the BAPS Sanstha temple will be a breathtaking masterpiece reminiscent of a blossoming lotus flower. As the largest Hindu temple in the UAE, it will stand as a testament to the vibrant faith and rich cultural heritage of the Indian diaspora in the region. The temple's intricate design, crafted with traditional hand-carved stonework from India, promis...

Strong economic fundamentals with stable government will create a great dynamism in the markets. The increase in per capita income at 9.6%, from USD 2538 in 2023 to USD 2784, will create immense demand in the economy and enhanced supply by the factories and opportunities for new employment India is embarking on a phase of self-sustained expansion, driven by dynamic reforms that have set in motion a virtuous cycle of growth and development. In the post-COVID era, India’s resilience is increasing each day. India is consistently growing at more than 7 percent in the post-pandemic years. During the initial two quarters of FY 2023-24, India experienced real GDP growth rates of 7.8 percent (Q2), and 7.6 percent (Q3) respectively with an average of 7.7% in H1 2023-24. Moreover, the Reserve Ba...

SYNOPSIS Under the resolute leadership of Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman envisions India ascending to the world's third-largest economy by 2027, surpassing Japan and Germany. Amid global challenges, India's robust 7% GDP growth and strategic initiatives in the "Blue economy" exhibit its resilience. The transformative India-Middle East-Europe Connectivity Corridor (IMEC) fosters economic unity. Leveraging its demographic advantage with a young population, India anticipates sustained growth, eclipsing advanced economies. Projections affirm its trajectory as a global economic powerhouse, marking a shift towards major manufacturing and digital market advancements. Finance Minister's vision, under Prime Minister Modi's stewardship, aligns with comprehensiv...