India’s Economy Grows by 8.2%: PM Modi Calls It a Trailer of Things to Come
India’s economy has grown by an impressive 8.2% in the fiscal year ending March 2024, according to the National Statistical Office (NSO). Prime Minister Narendra Modi praised this growth, describing it as a “trailer of things to come” and a sign of robust economic health.
“The Q4 GDP growth data for 2023-24 shows robust momentum in our economy which is poised to further accelerate,” Modi posted on X (formerly Twitter). He credited the hardworking people of India for this achievement and highlighted that India continues to be the fastest-growing major economy globally. Modi emphasized that the current growth rate is just the beginning, suggesting even greater achievements in the future.
The timing of these positive economic figures is significant, as they come just before the final phase of the Lok Sabha elections. On the eve of the seventh and last round of polling, 57 parliamentary constituencies, including Varanasi where PM Modi is running for a third consecutive term, are preparing to vote. Modi, seeking a third term as Prime Minister, has hinted at making even more significant decisions if re-elected.
Union Finance Minister Nirmala Sitharaman echoed the Prime Minister’s optimism, stating that the growth momentum will continue into Modi’s third term. She pointed out that India’s growth rate is the highest among major global economies and that various high-frequency indicators show the economy’s resilience and buoyancy despite global challenges.
The election results, which will be announced on June 4, will determine if Modi’s government will continue to steer India’s economy on this path of rapid growth. The strong economic performance is expected to bolster his campaign and reassure voters of continued prosperity under his leadership.
