Overtakes Britain in economic growth
The Britain that once ruled India for 200 years. Who had tried to establish the image of India in the whole world as a snake-snake country. He himself has now lagged behind India in economic development. In the last 10 years, the Indian economy has traveled from the 11th position to this point. India has long been one of the fastest growing economies in the world. At a time when there are fears of recession around the world and the size of the economies are shrinking, even at that time our growth rate has been in double digits. Finance Minister Nirmala Sitharaman had described this achievement of the country as a big one. He had said that India’s transition from the world’s 11th largest to the 5th largest economy in a decade was no “ordinary achievement” and the people of the country should take credit for it. Now only America, China, Japan and Germany are ahead of India. A decade ago, India was ranked 11th among the major economies, while the UK was at fifth.
41 crore came out of poverty line in 15 years
India is slowly coming out of the clutches of a poor country all over the world. According to the Global Multidimensional Poverty Index 2022, about 41 crore people in India have come out of poverty line in the last 15 years (2005/06-2002/21). In these one and a half decades the poverty level has come down from 55.1% to 16.4%. UNDP has also praised India’s achievement as a big one. It has been told in the report that there has been a decrease in the number of people falling below the poverty line in all the states and union territories of the country. The number of poor has decreased the fastest in Goa.
IMF is praising
IMF has praised India’s rapid economic growth. The world’s largest economic body has expressed hope that India can become the world’s third largest economy after the US and China in the next 5 years. According to the IMF, India may reach third place prematurely. According to the report, India will overtake Germany and Japan in this list. According to the IMF, by 2027, the per capita GDP in India can reach $ 3,652 (Rs 3 lakh 177).
Indian policy on war is highly praised
The message given by Prime Minister Narendra Modi to India’s old ally Russia about the war in the Shanghai Cooperation Organization (SCO) meeting was highly praised all over the world. In fact, Modi had clearly told Vladimir Putin that this is not the time for war and all issues should be resolved through dialogue. This statement of PM was seen as a positive message all over the world. PM Modi has engulfed the whole world with his ‘Shanti Path’ statement. Modi’s statement was given great importance in the American media. It is also being linked to India’s growing global prestige. During his address to the United Nations General Assembly (UNGA), French President Emmanuel Macron praised PM Modi’s statement to Russia.