PM Modi Birthday / Economy is gaining momentum throughout the year, India is becoming a super power

PM Modi Birthday: Under the leadership of Prime Minister Narendra Modi, India has made continuous economic progress. This year, on Independence Day, PM Modi called for India to become the third largest economy in the world in the coming years, which is currently the fifth largest economy in the world. Today, when the country will celebrate the birthday of PM Narendra Modi, let us take a look at where the country's economy has reached in the last one year. PM Narendra Modi's birthday is celebrated on 17 September. The BJP ruled central government celebrates 'Seva Pakhwada' on his birthday. This year, the Health Ministry of the Government of India is running the 'Ayushman Bhava' campaign in the country under this fortnight, which is going to benefit 35 crore people. Well, here we know how much the country's economy has changed in the last one year.

GDP pace continues

Covid and the subsequent Russia-Ukraine war have halted or slowed down the GDP growth of many countries of the world. At the same time, India's economy is continuously progressing rapidly with little ups and downs.

If we look at the figures of the last one year, then the quarters of October-December, January-March and April-June have passed, whereas there is still time for the figures of the July-September quarter to come. If we look at these figures, the country's economy has progressed at a good pace.

Last year in July-September (2022), the country's GDP had registered a growth of 16.2 percent. The main reason for this was the economy being down due to the second wave of Covid in 2021. After this, the country's GDP growth in October-December (2022) was 4.4 percent.

After this, the new year started and the impact of the war between Russia and Ukraine on the world started to subside a little. Its effect was visible on the pace of economic growth of the country. In January-March 2023, the country's economy started taking off and the GDP growth rate reached 6.1 percent. This pace of growth reached further in the next quarter April-June 2023 and the country's GDP growth rate was 7.8 percent.

Industries also took off

From the beginning, the focus of Modi government has been on increasing industries in the country. Therefore, one of its main indicators ‘India Industrial Production’ (IIP) is still in the positive zone despite the ups and downs in the last one year.

IIP figures for July were revealed around PM Modi's last birthday. At that time the pace of industrial production in the country was low. But when the figures for September 2022 came in November, the country saw a growth of 3.1 percent in IIP. Then when the figures for November 2022 came in January, this growth became 7.1 percent.

After this, continuous growth was seen in industrial production. The latest figures have come for July 2023, which was recently released on 12 September 2023. During this period, IIP growth has been 5.7 percent. All these figures are obtained by directly comparing them with the growth of the same month a year ago.

India is becoming a super power

India's economy has gained strength in the last one year. From moderation in inflation to increase in vehicle sales, the economy in the country has expanded. Also the stock market has touched new heights. All these figures seem to testify to the country becoming a super power.