Trade Union Minister Piyush Goyal said on Thursday that India is expected to become the world’s third largest economy by the end of 2027. Citing the forecasts of the multilateral lender International Monetary Fund, the Union Minister revealed the development of the domestic economy in this regard and will reach milestones in this regard.
Here are the key gains from the Trade Minister in his activities:
FDI
- India has returned on the Global Foreign Direct Investment (FDI) track
- Its FDI figures have been breaking records after a brief slowdown lasted about a year
- We’ve returned to the right track of growth
- European Free Trade Association (EFTA) countries to invest $100 billion in foreign direct investment
- 15 years
- $100 billion of foreign direct investment will crystallize $500 billion of investment
inflation
- Domestic inflation has been below 4% in three months
- RBI maintains a good balance
Capital Market
- Since 2014, India’s stock market may have grown by more than 300% (4 times)
- Today, Nifty has been exposed to almost 25,000
- When we came to power in 2014, it was about 5,700 or 5,800.
