The world is struggling for 2%, we are growing at 7%, the economy will be 7 trillion dollars by 2030 – India TV Hindi

Indian Economy- India TV Money
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Government has issued a special report in place of the Economic Survey. The report, prepared by Chief Economic Adviser V. Ananth Nageswaran (CEA Nageswaran), is titled ‘The Indian Economy: A Review’. This 74-page report tells about his journey to India over the last 10 years. Apart from this, information is also given about how the economy will be in the coming years. The second chapter of the report examines government policies and progress in various sectors. According to this report, India will become a 5 trillion dollar economy in the next 3 years. Also, the country will become a 7 trillion dollar economy by 2030.

Rapid growth

Nageswaran said in the report that India is confident enough to face global geopolitical tensions and the country has seen stability and strength from a position of weakness. “India’s systematic control over the supply of crude oil at reasonable prices over the past two years has been remarkable,” the report said. Young Indians not only long for a better life, but also believe that it will happen within their lifetime.

The growth rate will be 7% or above.

The report estimates a growth rate of 7 percent or more for FY2024. CEA said that according to some estimates, the growth rate could be 7 percent even in FY 2025. If this estimate is correct, the Indian economy will grow at a rate of 7 percent or more for the fourth consecutive year after the Covid-19 pandemic.

The global economy is struggling for 2 percent growth.

Nageswaran said, ‘When the world economy was growing at the rate of 4 per cent, it is different for India to grow at the rate of 8-9 per cent. At the same time, when the global economy is struggling to grow at 2 percent, it is remarkable for India to grow at a pace of over 7 percent.

Supply chain concerns returned due to the Red Sea crisis.

CEA said recent events in the Red Sea have brought back concerns about dependence on global supply chains. This predicts slower growth in global trade in 2023. The global economy is struggling to sustain the post-Covid recovery due to continued shocks. Supply chain disruptions are back in 2024.

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