Union Budget 2023: India a shining star in the world economy, the country's GDP will be 7 percent - Newztezz Online

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Wednesday, February 1, 2023

Union Budget 2023: India a shining star in the world economy, the country's GDP will be 7 percent


Presenting the Budget 2023, Nirmala said that the world has recognized India as a bright star, our growth for the current year is estimated at 7 per cent, despite the massive global recession due to the pandemic and war, compared to all major economies. I have the most.

Budget 2023: Finance Minister Nirmala Sitharaman said that the budget for the financial year 2023-24 is based on the foundation of the previous budget and the blue print of India@100. Sitharaman said that the world has recognized India as a bright star and the growth rate for the current year is estimated at 7 per cent. Let us tell you that this is the last full budget of the second term of the BJP-led NDA government before the general elections to be held in 2024. After assuming the post of Finance Minister in July 2019, Sitharaman is presenting her fifth full budget .

India became the 5th largest economy in 9 years

Presenting the Union Budget , he said that the world has recognized India as a bright star, our growth for the current year is estimated at 7 per cent, despite the massive global recession due to the pandemic and war, among all major economies. is the most. He said that the Indian economy is on the right track, moving towards a bright future. He said that the Indian economy has grown in size from 10th to 5th largest in the world in the last 9 years.

IMF had estimated

Recently, the Indian economy has been estimated by the IMF. In which it has been said that the country's economy is expected to remain at 6.8 percent in the current financial year. Whereas in the financial year 2024, it may come down to 6.1 percent. The IMF has already said that one-third of the world may be in recession. The effect of which can also be seen in developing countries.

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