India Needs To Increase Per Capita Income, Says RBI’s Former Governor Rangarajan
1 year, 3 months ago

India Needs To Increase Per Capita Income, Says RBI’s Former Governor Rangarajan

ABP News  

Indian economy needs to grow fast to enhance the per capita income of the country, said the Reserve Bank of India’s former governor C Rangarajan on Saturday. Addressing the 13th convocation of the ICFAI Foundation for Higher Education, Rangarajan lauded India for becoming the fifth largest economy in the world but said this is not enough and work needs to be done to increase the per capita income of the country. Commenting on India’s per capita income, he said, “In 2020, India’s rank with respect to per capita income was 142 out of 197 countries. This only shows the distance we have to travel… All the same, we have no choice but to grow fast, given the present level of per capita income.” Rangarajan noted that if India manages to achieve a growth rate of seven per cent over the next two decades, it would almost reach the status of a developed country and make a significant change to the levels of the economy.

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History of this topic

Will India's economic growth pick up pace? Nirmala Sitharaman answers
6 days, 17 hours ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor
3 weeks ago

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

Deccan Chronicle  

New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of …

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-50, China share to decline: Report

New Indian Express  

NEW DELHI: India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said, "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". The …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 1 week ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

IMF Sees India's Economic Growth and Outlook as Stable
2 months ago

IMF Sees India's Economic Growth and Outlook as Stable

New Indian Express  

India remains the world's fastest-growing economy, with inflation expected to decline to 4.4% in FY24-25. IMF Director Krishna Srinivasan highlights the country's strong macroeconomic fundamentals, including a large and growing population, favourable harvests, and a stable fiscal situation. Srinivasan suggests that the country focus on creating jobs, removing trade restrictions, and investing in infrastructure and education to strengthen its economy …

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24
2 months ago

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24

The Hindu  

Tamil Nadu's Gross State Domestic Product (GSDP) grew 8.23% in 2023-24, ranking second in GSDP at current prices, only behind Maharashtra. The State's per capita income was estimated at ₹1,79,732 in 2023-24, indicating a significant improvement in the State's overall economic performance compared to earlier years.

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch
3 months, 3 weeks ago

Review of Krishnamurthy Subramanian’s India@100 — Envisioning Tomorrow’s Economic Powerhouse: Dreams, with a catch

The Hindu  

Goldman Sachs expects India’s economy to grow to $50 trillion by 2075, that is, in a little over 50 years from now. But former chief economic adviser to the Narendra Modi government, Krishnamurthy Subramanian, in a new book, India@100: Envisioning Tomorrow’s Economic Powerhouse, believes that India has the potential to do far better and that it could possibly become even …

‘Further reforms needed for India to reach developed country status by 2047’
4 months, 3 weeks ago

‘Further reforms needed for India to reach developed country status by 2047’

The Hindu  

Member of Fourteenth Finance Commission M. Govinda Rao has said that to achieve the status of a developed country by 2047, India has to increase its per capita income from the current $2,600 to $14,205. Delivering the Dr. D.C. Pavate Foundation Memorial Lecture at Karnatak University in Dharwad on Friday, Prof. Rao said that to achieve this goal, the country …

How weak consumption growth is holding back the Indian economy's potential
4 months, 3 weeks ago

How weak consumption growth is holding back the Indian economy's potential

Hindustan Times  

Ashlesh —34-year-old former data entry operator at a small firm in Ghaziabad, and originally from the village of Ambar Nagar in Balrampur, in Uttar Pradesh — immediately wanted to make it big in life the day after he had lost his job. ‘As if there is no effect of the high growth here,” Ashlesh said, echoing concerns shared by Amit …

NITI Aayog Envisions India as $30 Trillion Economy by 2047
4 months, 3 weeks ago

NITI Aayog Envisions India as $30 Trillion Economy by 2047

Deccan Chronicle  

New Delhi: India's policy think-tank NITI Aayog said that the country needs to strive to be a $30 trillion economy — almost nine times from today's $3.36 trillion, with a per capita income of $18,000 per annum by 2047, according to its approach paper for vision for Vikshit Bharat in 2047. “The gross domestic product or GDP would have to …

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator
4 months, 3 weeks ago

Concern over ‘unscientific projection’ of GDP rate as nation’s prime growth indicator

The Hindu  

A talk on ‘Tall claims and bleak realities - features of the contemporary Indian economy’ by Kerala State Planning Board member R. Ramkumar on July 26 expressed concern over the unscientific projection of gross domestic product rates as the nation’s prime growth indicator when the per capita Income was continuing at a very low rate. Presenting his view points at …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’
5 months ago

PM Narendra Modi hails Economic Survey: ‘Highlights prevailing strengths of Indian economy’

Hindustan Times  

Prime Minister Narendra Modi on Monday hailed the Economic Survey 2023-24 tabled by Union finance minister Nirmala Sitharaman, saying that it highlights the prevailing strength of Indian economy. Prime Minister Narendra Modi said the Economic Survey identifies areas for further growth and progress “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the …

PM Modi's 'Amrit Kaal' growth strategy in Economic Survey: These are 6 key focus areas
5 months ago

PM Modi's 'Amrit Kaal' growth strategy in Economic Survey: These are 6 key focus areas

Hindustan Times  

Ahead of the Parliament session, PM Modi said, “It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time.I have been giving guarantees to the people of the country and our mission is to bring this to the ground. These are …

Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das
5 months, 4 weeks ago

Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das

Live Mint  

RBI Governor Shaktikanta Das, speaking at the 188th AGM of the Bombay Chamber of Commerce & Industry in Mumbai, said that India is on the verge of a significant structural shift in its growth trajectory and is confident that GDP growth will touch 7.2% in the ongoing financial year. Das further mentioned that India's GDP annual growth rate is moving …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

Indian economy projected to grow by 8% in FY25: CII president Sanjiv Puri
6 months, 1 week ago

Indian economy projected to grow by 8% in FY25: CII president Sanjiv Puri

Hindustan Times  

New Delhi: A GST council, like a federal body, could help in building consensus between the Centre and states over the next generation of reforms in key sectors such as agriculture, education, health and water, Confederation of Indian Industry president Sanjiv Puri said estimating Indian economy’s potential to achieve an 8% growth in FY25. Confederation of Indian Industry president Sanjiv …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
6 months, 2 weeks ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent
6 months, 3 weeks ago

India's economy grows 7.8 per cent in March quarter, annual growth rate hits 8.2 per cent

India TV News  

India's Gross Domestic Product demonstrated robust growth in the January–March 2024 quarter, exceeding analysts' expectations, as per the latest official data released on Friday, May 31. For the full financial year 2023–24, India's GDP growth rate stood at an impressive 8.2 percent, up from 7 percent in FY23, according to an official statement. Analysts had anticipated slower GDP growth for …

ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year
8 months, 1 week ago

ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year

The Hindu  

India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank said. “In India, growth is forecast to remain strong as rising consumption complements continued investment growth,” …

PM Modi sets ambitious India economic goals for probable third term
8 months, 2 weeks ago

PM Modi sets ambitious India economic goals for probable third term

Live Mint  

Indian Prime Minister Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government document seen by Reuters. Independent economist Saugata Bhattacharya said doubling the economy by the end of the decade would be a "very difficult feat" requiring 6%-6.5% growth for …

World Bank projects Indian economy to grow at 7.5% in 2024
8 months, 2 weeks ago

World Bank projects Indian economy to grow at 7.5% in 2024

Hindustan Times  

The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent. Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India. Overall, growth in South Asia is expected …

Indian economy to grow at 7.5 per cent in 2024, projects World Bank
8 months, 2 weeks ago

Indian economy to grow at 7.5 per cent in 2024, projects World Bank

India TV News  

The Indian economy will grow at 7.5 per cent in 2024, according to latest estimates by the World Bank. It raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia. The increase in the projected growth rate for …

India to be fastest growing economy among G-20 nations in 2024
8 months, 3 weeks ago

India to be fastest growing economy among G-20 nations in 2024

Op India  

India will be the fastest growing economy among the G-20 nations in 2024. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis …

‘Improve consumption, reduce income inequality for sustainable growth’
8 months, 3 weeks ago

‘Improve consumption, reduce income inequality for sustainable growth’

Live Mint  

New Delhi: India's GDP is projected to grow at over 7% during the next fiscal year, driven by the government's capital expenditure push and the robust growth witnessed across various macroeconomic indicators. But improving consumption, especially in rural areas, and addressing the pervasive income inequality remain significant challenges for the world’s fastest-growing major economy, said panellists at the Mint India …

Lower inflation, increase in per capita income, revenue: Delhi Economic Survey
9 months, 3 weeks ago

Lower inflation, increase in per capita income, revenue: Delhi Economic Survey

Hindustan Times  

Finance minister Atishi on Friday cited a 22% increase in per capita income, the fastest Gross State Domestic Product growth, an 18% rise in tax collection, lower inflation and unemployment rates and said Delhi’s economy has increased at a record pace as she presented this year’s Economic Survey in the assembly. “GSDP of Delhi at current prices during 2023-24 is …

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations
9 months, 3 weeks ago

India's GDP grew by 8.4 per cent in December quarter, surpassing expectations

Hindustan Times  

Indian economy grew by 8.4 per cent in October-December 2023 against 4.3 per cent a year ago, government data showed on Thursday. India's GDP grows by 8.4 per cent in December quarter It had projected a growth of 7.3 per cent for the current fiscal in its first advance estimates released earlier in January 2024. Earlier in the day, the …

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant
10 months ago

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Business Standard  

"Our aim will be to become the cheapest producer, the cheapest exporter of green hydrogen and its liquid form ammonia and to be the biggest manufacturer of electrolyzer," he said | Photo: Bloomberg India will be the third largest economy by 2027 and it needs to grow at rapid rates to become a $35 trillion economy by 2047, the country's …

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments
10 months, 1 week ago

Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments

The Hindu  

February 12, 2024 11:06 pm | Updated February 13, 2024 09:54 pm IST With the BJP-led government exuding over-confidence on the state of the economy, the interim Budget presented earlier this month has shifted focus to fiscal consolidation. Even then, the simple truth which is evident from the official data is that on average, real GDP growth was at least …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
10 months, 2 weeks ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

Vantage | What India must do to be a $7 trillion economy by 2030
10 months, 3 weeks ago

Vantage | What India must do to be a $7 trillion economy by 2030

Firstpost  

As the Indian government gears up to present the annual budget in what is considered the last one ahead of the general election, the focus is on maintaining stability with an interim budget. In the next three years, India aims to secure its position as the world’s third-largest economy, targeting a GDP of $5 trillion dollars. Projections for India’s growth …

India is fastest-growing major economy: Murmu
10 months, 3 weeks ago

India is fastest-growing major economy: Murmu

The Hindu  

President Droupadi Murmu, in her maiden address to MPs of both the Houses from the new Parliament building on Wednesday, listed the achievements of the Prime Minister Narendra Modi-led government in the last ten years. Ms. Murmu said that for her government the vision of developed India is not limited to economic prosperity alone, and equal importance is being given …

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin
10 months, 3 weeks ago

Indian economy to grow close to 7% in FY25, hit $7 trillion by 2030: FinMin

Live Mint  

Even as the finance ministry expects FY24 economic growth to exceed the central bank’s projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation. The ministry’s latest monthly economic review also said that under reasonable assumptions, India can …

What should India do to become a wealthy nation by 2047?
10 months, 3 weeks ago

What should India do to become a wealthy nation by 2047?

The Hindu  

In the first session of The Hindu Lit Fest 2024, N. Ravi, Chairman of Kasturi and Sons Limited; Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst; Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission; Sanjay Kaul, development policy analyst and former IAS officer; and T.N. Along with inclusive growth, you also need the development of …

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das
11 months ago

Expect Indian economy to grow 7 per cent in FY25: RBI Governor Shaktikanta Das

India TV News  

Amid a challenging global macroeconomic environment, India presents a picture of growth and stability, and the economy is expected to grow 7 per cent in fiscal 2024-25, said RBI Governor Shaktikanta Das, addressing an event at the World Economic Forum Meeting 2024 in Davos, Switzerland. We expect the Indian economy to grow 7 per cent in fiscal 2024-25," said Das. …

Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27: Bhupendra Patel
11 months, 2 weeks ago

Gujarat aims to contribute 10 per cent to GDP, targets USD 500 billion economy by 2026-27: Bhupendra Patel

India TV News  

Gujarat Chief Minister Bhupendra Patel has said his government has set a target to contribute 10 per cent to India's GDP and become a USD 500 billion economy by 2026-27. At present, Gujarat, with five per cent of the country's population, contributes 8.3 per cent to the national Gross Domestic Product, and in the previous year, the state accounted for …

Modinomics And Rising India
11 months, 3 weeks ago

Modinomics And Rising India

News 18  

The International Monetary Fund recently called India a star performer, with India projected to contribute 16 per cent to global growth. The October 2023 IIP data also showed that the output of primary goods logged an 11.4 per cent growth compared to 2.1 per cent in the year-ago period. Speaking of India’s GDP, real GDP or GDP at constant prices …

Focus on India's Strengths for Faster Growth: Rajan
1 year ago

Focus on India's Strengths for Faster Growth: Rajan

Deccan Chronicle  

In 2005, Dr Raghuram Rajan, then with the International Monetary Fund, drew disapproving looks from an audience of economists and bankers in Jackson Hole, Wyoming, in the US, when he said the roll-out of complicated instruments, such as credit-default swaps and mortgage-backed securities, made the global financial system a riskier place. Dr Rajan, Katherine Dusak Miller Distinguished Service Professor of …

Naysayers Have It Wrong, Incomes in India Are Rising
1 year ago

Naysayers Have It Wrong, Incomes in India Are Rising

News 18  

The state of income in India has suddenly become a topic of raging discussion after former RBI Governor Raghuram Rajan and economist Rohit Lamba suggested that the country cannot escape the lower-middle income trap by 2047. India’s gross direct tax collections in the ongoing financial year, until November 9, have increased almost 18 per cent to Rs 12.37 lakh crore. …

India fastest-growing economy: FM Nirmala Sitharaman in Rajya Sabha
1 year ago

India fastest-growing economy: FM Nirmala Sitharaman in Rajya Sabha

Live Mint  

Union Finance Minister Nirmala Sitharaman on Thursday said that India's second-quarter growth is the highest in the world as the country continues to be the fastest-growing economy. Finance Minister Nirmala Sitharaman on Thursday in Rajya Sabha said that the July-September GDP was high and the government continuously maintained momentum of being the fastest growing major economy. India is second most …

Increase Investment in India, Goyal tells Corporates
1 year ago

Increase Investment in India, Goyal tells Corporates

Deccan Chronicle  

New Delhi: As India’s focus on infrastructure is empowering the economy and giving it a fillip, Union commerce minister Piyush Goyal on Friday urged the corporate to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy. The stock market is also hitting a 4 trillion mark for the first …

A $5 trillion economy, but for whom?
1 year ago

A $5 trillion economy, but for whom?

The Hindu  

Last week, at an election rally in Chhattisgarh, Prime Minister Narendra Modi announced that he is extending the Pradhan Mantri Garib Kalyan Ann Yojna, a scheme providing 5 kg of foodgrains free every month to beneficiaries of the National Food Security Act, by five years because he does not want any citizen to sleep hungry. This is the year the …

Indian economy is resilient amid global slowdown: Sitharaman
1 year, 1 month ago

Indian economy is resilient amid global slowdown: Sitharaman

Hindustan Times  

The Indian economy is “remarkably resilient” amid a global slowdown because of “solid” domestic demand, moderate inflation, sustained capital expenditure and continued buoyancy in revenue collections, the finance ministry said in its monthly review on Tuesday. “Despite rising input costs, overall sentiment in the services sector remains upbeat, driven, among others, by an upswing in the tourism cum hotel industry …

India’s share of global growth to rise to 18% in 5 years: IMF official
1 year, 2 months ago

India’s share of global growth to rise to 18% in 5 years: IMF official

The Hindu  

India’s contribution to global economic growth will rise by 2 percentage points in 5 years as the Indian economy is projected to grow faster in the coming years, a senior International Monetary Fund official said on Thursday. “Currently China and India’s contribution to global growth is 50%,” said Krishna Srinivasan, Director, IMF Asia & Pacific Department. Observing that the Asia …

'Powerhouse of growth and innovation': PM Modi hails economy after IMF growth projection for India
1 year, 2 months ago

'Powerhouse of growth and innovation': PM Modi hails economy after IMF growth projection for India

India TV News  

Prime Minister Narendra Modi on Tuesday asserted the country is a global bright spot and powerhouse of growth and innovation citing the International Monetary Fund forecasting robust economic growth in India amid concerns over global economy volatility. The IMF raised India's GDP projection marginally by 0.2 per cent to 6.3 per cent, while the financial agency slashed the global growth …

An uneven rebound: The Hindu Editorial on the economy
1 year, 3 months ago

An uneven rebound: The Hindu Editorial on the economy

The Hindu  

India’s economy, as measured by the Gross Domestic Product as well as the Gross Value Added, grew 7.8% in the first quarter of the year. But the months ahead could prove to be more challenging with global headwinds that have hit goods exports and manufacturing already, combining with domestic pressures from the renewed spurt in inflation and the likelihood of …

India shows an impressive 7.8% economic growth in April-June quarter
1 year, 3 months ago

India shows an impressive 7.8% economic growth in April-June quarter

Associated Press  

NEW DELHI — India’s economy registered impressive growth of 7.8% in the first quarter of the current financial year, attributed to good performance by the agriculture and financial sectors, according to official data released on Thursday. India’s agriculture sector recorded growth of 3.5% in three months, up from 2.4% in the April-June quarter last year, according to the data released …

PM Modi says 13.5 crore Indians rose above poverty line in last 5 years
1 year, 4 months ago

PM Modi says 13.5 crore Indians rose above poverty line in last 5 years

Live Mint  

New Delhi: A staggering 13.50 crore Indians have risen above the poverty line in the past five years, Prime Minister Narendra Modi said on Monday quoting a recent NITI Aayog report. Speaking at the Madhya Pradesh Rozgar Mela, the prime minister said, “When decisions are made with positive thinking, right intention, and full integrity, the whole environment gets filled with …

The issue is not about India’s GDP, but its JDP
1 year, 4 months ago

The issue is not about India’s GDP, but its JDP

The Hindu  

Participating in the debate on the motion of no-confidence in Parliament last week, Union Finance Minister Nirmala Sitharaman waxed eloquent about India’s Gross Domestic Product growing in double digits, the Indian economy being the world’s fastest, and also highlighted glowing reports by foreign institutions such as the International Monetary Fund and Morgan Stanley. Economist-politician Subramanian Swamy too has weighed in …

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