Page 18 - NIS English 01-15 July,2025

COVER STORY | Economy

economy in the world. According to the IMF,
India’s GDP has now reached $ 4.19 trillion. India
achieved this feat, leaving behind Japan.
It is said that the future cannot be built on
the data of the past. For this, the present will
have to move on the right path. This was the
reason that when Prime Minister Narendra Modi
took charge of the country in 2014, he had the
responsibility of taking tough decisions to bring
India’s economy back on track. PM Modi first
took the initiative to break those barriers, which
were acting as speed breakers in the economic
pace. Unnecessary laws were removed, single
window clearance for industries and investors,
a favourable policy framework, and better
infrastructure were created to build a strong
environment for investment, and ease of doing
business was improved drastically. Along with
this, by combining technology with economic
progress on the basis of good governance, such a
strong environment for investment was created
that India emerged as the most important hub
for investors from across the world. With Prime
Minister Narendra Modi’s vision of “Viksit Bharat
@ 2047”, India has taken another important step
towards establishing itself as an indispensable
power in the global scenario. That is why Prime
Minister Narendra Modi says, “Today we have
become the fourth largest economy of the
world. Anyone will be satisfied that now we have
overtaken Japan and have moved ahead and I
remember, when we became 5 from 6, there was
a different kind of enthusiasm in the country,
there was a lot of excitement, especially among
the youth and the reason for this was that we There is a huge opportunity for
became 5 by overtaking the UK, which had ruled us. If we focus on the economy
us for 250 years. But now, more than the joy of of the cities of India to reach
becoming four, there is pressure to become the number 3 economy out of
three. Now the country is not ready to wait, and
if someone asks to wait, then the slogan that is 4, then we will be able to reach
raised is, Modi hai toh mumkin hai. there very fast. There was a time
According to a United Nations report, India when it was said - Why India?
remains the fastest-growing major economy. Now, looking at the impact of the
According to the half-yearly report of the reforms in the country, it is being
United Nations’ World Economic Situation and
Prospects-WESP, despite global uncertainties, the said that ‘Why not India?’
Indian economy is expected to grow at a rate of - Narendra Modi, Prime Minister
6.3 percent in the current financial year. United

16 NEW INDIA SAMACHAR || July 1-15, 2025