India Has The World’s Fastest-Growing Major Economy. PM Modi At The Johannesburg BRICS Business Forum
Prime Minister Narendra Modi Said That India Has The World’s Fastest-Growing Major Economy And That It Will Soon Become The “Growth Engine” Of The Entire World While Speaking At The BRICS Business Forum In Johannesburg, South Africa.
India Is The World’s Fastest Growing Major Economy, Notwithstanding The Instability Of The Global Economy. India’s Economy Will Soon Reach Five Trillion Dollars. Without A Doubt, India Will Take Over As The World’s Development Engine In The Future Years Because It Has Learned To Use Its Crises And Problems As Stepping Stones For Economic Progress, He Said At The BRICS Business Forum.
The Prime Minister Claimed That India Is A Global Leader In The Use Of Renewable Energy And That Active Measures Are Being Taken To Turn The Nation Into A Major Producer Of Solar, Wind, Electric Vehicles, Green Hydrogen, And Green Ammonia. The COVID-19 Epidemic, He Continued, Has Brought Attention To The Necessity Of Resilient And Inclusive Supply Chains, And He Emphasized The Importance Of Mutual Trust And Openness In Achieving This Goal.
India Has The Third-Largest Startup Ecosystem In The World. India Today Boasts More Than 100 Unicorns In The Industries Of IT, Telecom, Fintech, Artificial Intelligence, And Semiconductors. It Is Being Done To Fulfill The “Make In India, Make For The World” Aim. These Initiatives Will Enhance The Lives Of Common People, PM Modi Stated.
Additionally, He Said That India Has Implemented Changes That Have Improved The Ease Of Doing Business In The Nation And That The Goods And Services Tax (GST) And The Insolvency And Bankruptcy Code Have Strengthened Investor Confidence In India. The Prime Minister Noted That Direct Benefit Transfers Are Now Available To Millions Of Individuals With Just One Click, Especially Rural Indian Women. “Such Transfers Have Already Cost Far Over 360 Billion Dollars. As A Result, There Is Less Corruption And The Employment Of Middlemen, And There Is Greater Transparency And Improved Service Delivery. Additionally, India Has The Lowest Cost Per Gigabyte.
