New Delhi: India continues to remain the fastest-growing economy in the world, the BJP said on Thursday as the country recorded a 7.8-per cent GDP growth in the April-June period of 2023-24, the highest in the last four quarters, on the back of double-digit expansion in the services sector.
In a world grappling with decelerating global activity and a gloomy outlook, India is “truly a bright spot”, Bharatiya Janata Party’s (BJP) IT department head Amit Malviya wrote on X.
“India remains the fastest-growing major economy, as China’s GDP growth, for the same period, was at 6.3 per cent,” he said.
“The GDP data for the first quarter is going to come today. I don’t know what the figure will be, but the speed of growth indicates that it will be around 8 per cent,” the BJP leader said.
He said 8 per cent is a “fabulous” number and added that “it only shows that India’s economy is not just growing, but growing at a very fast pace”.
The increase in both rural and urban demand, the consumption pattern, the Goods and Services Tax (GST) collection and various other parameters provide “very good indications” for the future, Bharatiya Janata Party’s (BJP) national spokesperson Syed Zafar Islam told a press conference at the party headquarters here.
The BJP spokesperson said Prime Minister Modi has taken several “decisive and visionary” decisions to strengthen the country’s economy with “special focus” on increasing the income of people.
“There is no inflation in the country due to the policies of our government. Slight inflation that happens due to seasonal factors is also now under control,” he said “People’s income is increasing. Consumption indicates increase in income. People are in a better position today,” Islam said.
He added that the prime minister has also taken several “key initiatives” in the social welfare sector. “Over the past nine and a half years, Prime Minister Modi has rolled out as many as 313 public welfare schemes and programmes which have empowered the poor and needy across the country,” Islam said.
The Modi government has “successfully” faced several challenges in the past nine and a half years, turning “challenges into opportunities”, the BJP leader said.
“The manner in which Prime Minister Modi has secured our nation and also given a fillip to our economy, the entire world is awestruck and appreciates his efforts,” he added.
