PM addresses the 108th Indian Science Congress via video conferencing on January 03, 2023.
The Indian economy has strong macroeconomic fundamentals,’ and it is expected to be among the fastest growing in the G-20 grouping, Prime Minister Narendra Modi said Wednesday at a global investors summit in Madhya Pradesh. The prime minister praised India as an “attractive destination for investment,” saying that his government’s work on key economic reforms despite global challenges had resulted in India being viewed as a “bright spot” in the world.
“Not only we Indians but now every institution and expert in the globe appear to be confident in this… the International Monetary Fund sees India as a bright spot in the global economy…”
“According to the World Bank, India is better placed to interact with worldwide headwinds than many other countries… According to the Organization for Economic Cooperation and Development, India will be one of the quickest G-20 economies this year… According to Morgan Stanley, India will become the world’s third-largest economy within the next four to five years.”
“McKinsey’s CEO has mentioned that this is not only India’s era but also India’s century. Institutions and credible voices designed to track the global economy have never been more optimistic about India. This is due to India’s solid macroeconomic fundamentals “said the prime minister.
At the summit, the prime minister also urged all Indians to collaborate, saying, “When we talk of a developed India, it is not just our aspiration but the resolution of every Indian.”
