Prime Minister Narendra Modi said that India’s “Reform Express” is gaining speed, as the country’s economy is expected to grow by 7.4 per cent in the current financial year. This is higher than the 6.5 per cent growth seen last year.
The Prime Minister said this strong growth is due to the NDA government’s focus on investment and policies that support demand in the economy. He added that these steps are helping India move towards steady and long-term economic development.
In a social media post, Mr Modi said the government is working hard on building infrastructure, supporting manufacturing, expanding digital public services, and making it easier to do business. All these efforts, he said, are aimed at making India a prosperous nation.
Data from the National Statistics Office (NSO) shows that the services sector continues to be the main driver of economic growth. Sectors such as financial services, real estate, professional services, and public administration are expected to grow by 9.9 per cent in the current financial year.
The Prime Minister said these trends highlight the strength of the Indian economy and show the positive impact of ongoing reforms and government policies.