NEW DELHI : Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the moon and successes in sports as key achievements this year. “Today every corner of India is brimming with self-confidence, imbued with the spirit of a developed India; the spirit of self-reliance.
We have to maintain the same spirit and momentum in 2024 as well," a statement from the prime minister’s office quoted him as saying. “The record business on Diwali proved that every Indian is giving importance to the mantra of ‘Vocal For Local." Modi in his address also said people had written letters expressing joy on India becoming the fifth-largest economy globally and on the success of the G20 summit in the national capital. India became the fifth-largest economy in FY22, overtaking the UK.
India’s GDP is over $3.7 trillion. The government had initially targeted becoming a $5 trillion economy by FY25, but now the deadline seems unlikely to be met, although growth is expected at 7% in the current fiscal year. Union minister of state for finance, Pankaj Chaudhary, had said in Parliament that India would become a $5 trillion economy early in ‘Amrit Kaal’ as it evolves into a developed nation by 2047.
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