15-January-2025
Economy News
 
India's Economic Transformation: Growth, Reforms and Key Milestones, 2014-2024
17-Sep-2024

India has undergone a remarkable economic transformation over the last decade, emerging as the world’s fifth-largest economy. Driven by robust policies, GDP growth reached 6.7%, outpacing global giants like the US and China. Reforms under Prime Minister Modi attracted foreign investment, increased FDI equity inflows by 82%, and revitalised public sector units (PSUs). Stock markets have soared, while financial assets and savings deposits have surged. Defence reforms are also boosting indigenous production. Air India’s privatisation and PSU banking consolidations have strengthened key sectors. As a result, India’s economic momentum remains strong and continues to break new ground.

News Source:- https://www.moneycontrol.com/news/videos/business/indias-economic-transformation-growth-reforms-and-key-milestones-2014-2024-12823183.html