Indian economy is fast on the track, economic growth is expected to be 7.5% this year: PM Modi

The Prime Minister said that in the 'New India', major changes are taking place in every sector, and technology-led growth is a key pillar of the country's economic recovery.

New Delhi: Prime Minister Narendra Modi on Wednesday said the government expects the Indian economy to grow at 7.5 per cent this year. Addressing the BRICS Business Forum via 'video conference', Modi said that the size of the Indian digital economy will reach US$ 1,000 billion by 2025. Highlighting the strength of the Indian economy, he said that the country has investment opportunities worth $1500 billion under the National Infrastructure Pipeline. In his address, Modi said, we are expecting a growth rate of 7.5 per cent this year, which will make us the fastest-growing major economy.


Big changes are happening in every field in New India

The Prime Minister said that in the 'New India', major changes are taking place in every sector, and technology-led growth is a key pillar of the country's economic recovery. The Prime Minister said we are supporting innovation in every field. The BRICS Business Forum was held a day before the summit of the Group of Five countries. BRICS brings together the five largest developing countries of the world – Brazil, Russia, India, China, and South Africa. These countries together account for 41 per cent of the global population, 24 per cent of the global GDP and 16 per cent of the global trade.


India to become the world's fastest economy

The Prime Minister said, we are expecting a growth rate of 7.5 per cent this year, which will make us the fastest-growing major economy. Significantly, for a long time, India was the fastest-growing economy in the world. However, the situation worsened after Corona. Now once again the Indian economy is fast coming back on track.