The world trusts India's economy, despite difficulties
The world trusts India's economy, despite difficulties…
The world's trust in India's economy remains strong. In the last financial year, the indian economy grew at a pace of 8.2 percent. Now the country's leading accounting and consultancy firm Deloitte has estimated that the indian economy will grow at a rate of about 7 percent in the financial year 2024-25. Deloitte estimates that the country's economic growth rate may be 6.7 percent in the financial year 2025-26. Deloitte believes that India's performance is expected to remain better than the world in the future as well.
Inflation under control and demand increasing in rural areas
According to Romal Shetty, CEO of Deloitte South Asia, inflation in the country is under control. Demand is increasing in rural areas. Along with this, the sale of vehicles is also increasing. In such a situation, we hope that the economic growth rate in the current financial year can be 7 to 7.1 percent. This may seem less to you, but the truth is that we are going to perform better than other countries of the world. However, the ongoing tension in the Middle east and ukraine and the economic slowdown in Western countries will also affect our GDP growth.
Will become the third largest economy in the world in a decade
According to Romal Shetty, the government formed for the third consecutive time under the leadership of narendra modi is taking steps forward regarding economic reforms including privatization. All the departments of the central government are ready to complete things as quickly as possible. india is currently the 5th largest economy in the world and it is moving towards 5 trillion dollars. We will become the third largest economy in the world in a decade. The falling prices of crude oil have helped india a lot. Now the US Federal Reserve has also made India's path easier by cutting interest rates.