India's Economic Strength 2023: This year has been very special for the Indian economy. On one hand, while the world is struggling with recession, India is moving towards becoming an economic superpower. The events taking place in the country have played a big role in this. It has not only given a booster dose to the economy every now and then. Rather, a better option has also been presented in terms of immediate and long term. Whenever there is an event somewhere, it involves the employment of many people at that time. To organize the event, expenses are spent on preparations starting from making stalls there. This money is indirectly invested in the economy itself. People present nearby also get employment for some time. In today's year ender story, we are going to tell you about those 7 big events, which have helped in presenting the strength of India to the world.
India set an example in Auto Expo 2023
The Indian Auto Expo was organized from January 13 to January 18 at the Greater Noida Expo Mart. It was expected to be organized last year also but it was canceled due to Corona restrictions. Tata Motors, Maruti, Kia, Hyundai Motor, Lexus, Toyota, MG Motor, BYD and Bengaluru based EV startup company Pravaig Dynamics also participated in it. The main focus of all these vehicles was to introduce EV vehicles in the market. Many companies also introduced hybrid models. Toyota and Tata Motors also introduced the future model of hydrogen car.
Many other big companies took part in this event organized after Corona, in which two-wheelers and three-wheelers were included. Introducing new future models of these vehicles in India is a good sign for the Indian economy. To put it in simple language, when a company presents its future model with the condition that it will be manufactured in India and launched in the market, it means that the company will make investment in it, which will generate employment and indirectly boost the economy. Will boost. And companies invest money only when they are confident that there is demand and they will make profit.
India hosted G20 Summit 2023
Through the presidency of G-20, India has got an opportunity to strengthen the image of Brand India in front of the countries around the world. It was started by PM Modi from the recent G-20 summit held in Indonesia. He had gifted products made from different parts of the country to world leaders. Experts believe that tourism will get a boost through this. Through these programs the popularity of Indian tourist destinations will increase in the countries of the world. Make in India project may get a boost. The reach of products made in India will increase among countries around the world. This will have a direct impact on the country's economy.
India's history will be written from the New Parliament House
When the Parliament building of a country is better and a foreign guest comes there, the whole world knows about it. This provides an opportunity to improve the brand image of that country. Now India also has a luxurious Parliament building with wonderful facilities. The bhoomi pujan of the construction of the new Parliament building was performed by Prime Minister Narendra Modi on 10 December 2020. The PM himself inaugurated it on 28 May 2023. Tata Projects has built the new Parliament building at a cost of about Rs 971 crore. This is part of the Rs 20,000 crore Central Vista Redevelopment Project. Originally Rs 862 crore was allocated for this. 26,045 tonnes of steel has been used in the construction of the new Parliament building. For this, 63,807 tonnes of cement has been used. Not only this, 23.04 lakh mandays of employment was also generated in its construction.
International Year of Millets echoed in UN
India is an agricultural country. More than half of the country's population depends on it. In such a situation, when it comes to big events related to the country and events related to agriculture are not kept in the list, then it will be a question mark on the economy of this country. The Central Government has started Shri Anna Yojana to promote the cultivation of coarse grains. The government believes that under this scheme, millet cultivation in the country will increase the income of small and marginal farmers (those farmers who do not have their own land for farming). It will also help in popularizing the cultivation of this crop. The year 2023 has been declared by the United Nations as the International Year of Millets following a proposal by India, which seeks to establish itself as a global hub for millets. Let us tell you that the government is ready to take all steps to make this sector the most modern by adopting new and emerging technology. At the same time, the government statement said that the global millet market is expected to register a CAGR of 4.5 percent between 2021-2026.
Success of Chandrayaan-3 and Aditya L1
With the success of India's Chandrayaan-3 and Aditya L1, their budget is also being discussed widely. Chandrayaan-3 was landed on the lunar surface with a budget of Rs 615 crore, which makes this mission the most economical. ISRO had earmarked Rs 400 crore for the Aditya L-1 mission. This success is not only important from a scientific point of view, but it also shows the world that it is possible to handle space missions at low cost. After this success, it is expected that other countries will also be inspired by this achievement of India to launch low-cost space missions. Many other countries can also work in this direction to take advantage of this capability of ISRO. After this success, ISRO has established itself as one of the most economical space mission agencies. Now it is also taking steps for commercial launching, which will also boost the country's economy. You might have noticed that the companies that worked with this mission saw a record increase in their shares.
India hosted Moto GP for the first time
UP International Trade Show and Bike Race Moto GP was organized in Greater Noida from 21 to 25 September. In this show, people from different sectors got a chance to showcase their products. This included Agriculture and Horticulture, Defense Corridor, Infra, Engineering and Manufacturing, Film Sector, Food Processing and Dairy Products, GI Tag Products, Handloom, Handicraft, Health and Wellness (Ayush, Yoga, Unani, Naturopathy), IT. People here got a chance to see products from different countries like America, Italy, England, Australia, Netherlands, Germany. Let us tell you that this gave an opportunity to the traders associated with MSME sector to present their business on a global scale.
World Cup 2023 organized in India
Due to the World Cup 2023 being organized in India, it rained fours and sixes on some grounds, while the Indian economy also got a great boost. According to economists at Bank of Baroda, it was being held in India for the first time since 2011. The special thing is that the World Cup was organized at a time when there was a festival atmosphere in the country. Due to which the retail sector benefited. India's economy has seen a benefit of 2.4 billion dollars i.e. 20 thousand crore rupees from the ICC Cricket World Cup. The government treasury also got support through increased tax collection on GST on the sale of cricket tournament tickets, hotels, restaurants and food distribution, which is why there was a record GST collection in the government treasury in the month of November.
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