PM Modi is the need of the country, the country is moving ahead under Modi’s leadership: Bindal
State President Dr Rajiv Bindal said that PM Modi is the need of the country, the country is moving ahead under the leadership of Modi.
There are four Lok Sabha elections and six by-elections in Himachal Pradesh, the Bharatiya Janata Party is going to win all of them. A four in the Lok Sabha and a six in the assembly by-elections are certain. The mood of the public is with Modi.
Bindal said that the GDP growth figures in the fourth quarter of FY 2023-24 reflect the strong momentum in our economy, which is going to accelerate further. Thanks to the hardworking people of the country, the growth rate in 2023-24 has been 8.2 percent. This growth is also an example of the fact that India remains the fastest-growing major economy globally. As I said, this is just a trailer of things to come.
The economic data for the financial year 2023-24 and the January-March 2024 quarter released by the government on Friday confirms Prime Minister Narendra Modi’s claim that the foundation of the economy is strong. India’s economic growth rate in the last financial year was 8.2 percent, which is more than seven percent in 2022-23. The growth rate in January-March, 2024 was 7.8 percent, which is more than 6.2 percent in the same quarter of the previous financial year. However, it is less than 8.6 percent in the third quarter of the current financial year (October-December 2023). The RBI had said a day earlier that India’s economy is ready to achieve high growth rates for a decade. The figures released by the Ministry of Statistics and Program Implementation point to this. All the growth rate figures are also higher than the estimates of agencies like IMF, World Bank. They will have to revise their estimates for the Indian economy again. These figures show that the size of the real gross domestic product (Real GDP) has been Rs 173.82 lakh crore in the year 2023-24, while it was Rs 160.71 lakh crore in the year 2022-23. On this basis, a growth rate of 8.2 percent has been said to be achieved. Whereas the size of GDP (nominal) based on current prices has been estimated at Rs 296.50 lakh crore and according to this a growth rate of 9.6 percent has been achieved. The assessment of nominal GDP includes issues like the current price of goods and services and inflation, changes in interest rates etc.
