NEW DELHI: Union finance minister Nirmala Sitharaman said on Thursday that despite global headwinds, India is among the fastest growing economies in the world.
“In 2013, Morgan Stanley had included India in the list of five fragile economies of the world. India was declared a fragile economy. Today, the same Morgan Stanley upgraded India and gave it a higher rating. In just 9 years, the economy rose and saw economic development due to the policies of our govt – despite Covid. Today, we are the fastest growing economy of the world.” Sitharaman said while participating in the debate on the no-confidence motion in the Lok Sabha.
“Global economy grew just over 3 per cent in 2022 and the World Bank is now forecasting that it will decline to 2.1 per cent in 2023. Meanwhile, India’s real GDP growth in 2022-23 stood at 7.2 per cent. It is projected to grow at 6.5 per cent in 2023-24,” the FM said.
She also highlighted various schemes of the government and said they all have benefitted people.
Referring to the ‘Garibi Hatao’ slogan of the Congress government headed by Indira Gandhi, she asked whether poverty could be actually removed.
“PM (Narendra) Modi has changed this completely. There is a transformation in our governance,” she said and asserted that words such as “Milega” (you will get) have been replaced by people saying “Mil Gaya” (we have got it).
“We believe in empowering all and appeasement of none,” she said.
Prime Minister Narendra Modi is set to reply to the no-confidence motion at 4pm today.
Today is the last of the debate on the no-confidence motion moved by the Congress against the Modi government over violence in Manipur.
(With inputs from agencies)
