Global Community Is Looking At India As A Beacon Of Economic Hope: NewsMobile EIC Saurabh Shukla On Arnab’s Show


New Delhi: Amid the trends of global recession and tumbling global economic developments, NewsMobile Editor-in-chief Saurabh Shukla said that the global community is looking at India as a beacon of economic hope.


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India’s stance during the current global economic changes has been firm and strong backed by consistent and positive growth rates.

As per provisional estimates released by National Statistical Office (NSO), the Indian economy in 2021-22 has fully recovered the pre-pandemic real GDP level of 2019-20.

According to govt data, Nominal GDP or GDP at Current Prices in the year 2021-22 is estimated at ₹232.15 lakh crore. With more than 100 unicorns valued at US$ 332.7 billion, India has the third-largest unicorn base in the world.

International Monetary Funds (IMF) Managing Director Kristalina Georgieva claimed that “India deserves to be called a bright spot on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times.”

The US Treasury Secretary Janet Yellen is all set to visit India and take part in US-India Economic and Financial Partnership on November 11 to further discuss ways and methods to deepen economic ties between the countries.

The Indian growth measure has global dominance and is backed by functional and structural reforms across different structures.

India’s economy grew by 13.5% in the April-June period this fiscal — on account of better performance by the agriculture and services sectors, official data showed.

In terms of foreign trade, India achieved a monthly value of merchandise export amounting to USD 37.94 billion, earlier in the month of July 2022.

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