Indian Economy: A Story that Inspires

Indian Economy: A Story that Inspires

India’s economic trajectory has been nothing short of remarkable under PM Modi’s leadership. From being part of the ‘Fragile Five,’ India is now the fifth-largest economy, attracting a record $596 billion in FDI from 2014 to 2023. The Goods and Services Tax revenues averaging Rs. 1.6 lakh crore per month, and the growth of the MSME sector, employing over 15 crore people, highlights the economic resurgence of India.

The introduction of the Production-Linked Incentive (PLI) scheme and the ‘Make in India‘ push has resulted in a significant increase in exports, reaching $775 billion in 2022-23. Control over inflation and the strengthening of public sector banks are important factors that contribute to the economic success story.

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