<span>President Draupadi Murmu </span>New Delhi, President Draupadi Murmu on Tuesday said India is the fastest growing major economy and is likely to become the third largest economy soon. Addressing an event in Delhi, he said the Indian economy is demonstrating resilience in the face of geopolitical challenges and the country’s economy is likely to grow tenfold by 2047.
“India is the fastest growing major economy and is likely to become the third largest economy soon,” Murmu said.
as per latest world bank According to estimates, India contributes 16 percent to global economic growth in 2023.
“Our economy is likely to grow tenfold by 2047,” the President said while addressing the probationers of the Indian Trade Service and the Indian Cost Accountancy Service. Who had met Murmu at Rashtrapati Bhavan.
He said that with a rapid economic growth of 8.2 per cent in 2023-24, the Indian economy is demonstrating resilience in the face of geopolitical challenges.
India needs to attract private investment Murmu said the need to raise per capita income levels and sustain high levels of growth even amid a turbulent global environment.
The Government of India has an investor-friendly policy, with most sectors open to 100 percent FDI (foreign direct investment) under the automatic route, he said.
Murmu said, “Many initiatives of the Indian government are creating an enabling ecosystem for growth. India is the third largest start-up country after the US and UK.”
He also asked officials to keep learning and updating themselves about the progress artificial intelligence and make best use of relevant technologies in their functioning to contribute to enhancing India’s global potential.
Murmu said with the government’s increasing focus on promoting manufacturing, “it will be your responsibility to facilitate the creation of an enabling environment and infrastructure to increase trade across borders”.
“You are expected to bring new dimensions to trade negotiations, formulate innovative policies and provide new momentum to promote India’s trade. I know you will live up to the expectations of the country,” the President told the officials.
Murmu said that in the implementation of the GST system, “the audits conducted by you have been helpful in detecting revenue leakages and enhancing compliance measures”.
He said, “You should always strive for excellence. Be aware of the fact that whatever you do has an ultimate impact on the welfare of the deprived and deprived sections.”
The President said that the officers have joined the service at a time when they can contribute to making India a developed nation.
He said, “The story of the new, emerging and vibrant India is going to be extraordinary and you are going to play a very important role in it.”
