Team Blitz India
NEW DELHI: India will be the fastest growing economy among the G-20 nations in 2024, said Finance Minister Nirmala Sitharaman on March 31. In the previous three quarters, India’s economy expanded at 7.8 per cent in Q1, 7.6 per cent in Q2 and 8.4 per cent in Q3.
Sitharaman, who was addressing an event in Mumbai said that India will grow over 8 per cent in the January-March quarter of 2024. “The country has become the 5th largest economy of the world and the Modi Government has pledged to make it the 3rd largest by 2027,” she added.
“The 8.4 per cent growth in Q3 has surpassed expectations, post that various institutions have upgraded their GDP growth forecast for India. The most recent upgrade came from Goldman Sachs, which has raised India’s 2024 growth projections to 6.6 per cent, a 10 basis point improvement from its previous forecast,” Sitharaman said,
Earlier this month S&P, Morgan Stanley and Moody’s too had revised India’s growth projections upwards. S&P revises India’s growth projections from 6.4 per cent to 6.8 per cent.
