Summary:

President Droupadi Murmu emphasized India’s status as the fastest-growing major economy, expressing confidence it will soon rank as the third-largest globally. Speaking in Delhi, she highlighted the economy’s resilience amid geopolitical challenges and projected tenfold growth by 2047. Citing World Bank data, she noted India’s 16% contribution to global growth in 2023, with 8.2% growth expected in 2023-24.

President Droupadi Murmu highlighted India’s investor-friendly climate, allowing 100% FDI in most sectors under the automatic route. She praised India’s startup ecosystem and urged officers to stay updated on AI advancements, facilitate trade, and improve infrastructure. Murmu emphasized the importance of officers in implementing GST, enhancing economic growth, and benefiting underprivileged communities as India advances.

Source: IBEF  

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF’s official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.