Tag Archives: economic growth

India's retail inflation eased slightly to 5.48% in November, down from 6.21% in October, according to data released by the Ministry of Statistics and Programme Implementation on Thursday. While the pace of price increases has slowed, the Consumer Price Index (CPI)-based inflation remains well above the Reserve Bank of India's (RBI) target of 4%, which allows a deviation of two percentage points on either side.

In a bold projection, Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra suggested that India could become the world's second-largest economy by 2031, with the potential to be the largest by 2060. Speaking at the Mid-Career Training Programme for Indian Administrative Service officials at the Lal Bahadur Shastri National Academy of Administration in Mussoorie, Patra emphasized India's ambitious economic trajectory.

India has made significant strides in reducing poverty, with rates dropping to 8.5% in 2022-24 from 21.2% in 2011-12, according to a research paper released by the National Council of Applied Economic Research (NCAER).

In a significant projection, investment banking firm Jefferies has forecasted that India is on track to become the world's third-largest economy by 2027, overtaking economic powerhouses like Japan and Germany. According to Jefferies, India's GDP is poised to reach $5 trillion within the next four years, and the country's economic trajectory suggests it will nearly double to nearly $10 trillion by 2030.

India's economic growth continues to impress, with predictions by S&P Global Market Intelligence suggesting that it will become the world's third-largest economy by 2030, overtaking Japan. The country's robust growth is attributed to factors such as a burgeoning middle class, digital transformation, and increased foreign investment.

In the realm of entrepreneurship, there are visionaries who not only create successful businesses but also empower others to achieve their dreams. Sushant Sisodia, an exceptional entrepreneur, fitness expert, and founder of Wheels of Meals, is a true embodiment of passion, dedication, and innovation. With over 12 years of experience in running his own secular business, Mr. Sisodia has carved a path of success and economic growth, leaving an indelible mark in the business world.