Indian economy shining as beacon of hope in challenging times: PM

PTI, 19 August 2023, New Delhi: Prime Minister Narendra Modi asserted on Saturday that India’s economy is shining as a beacon of hope in these challenging times. 

“With robust growth and resilient spirit, the future looks promising. Let us keep this momentum and ensure prosperity for 140 crore Indians,” he said on X, reacting to news portal Moneycontrol’s ‘Bullish on India’ campaign. 

The portal, which specialises in reporting on markets and financial sector, had posted on X that the country’s economy has not just withstood challenges, but thrived setting the stage for optimism. The ‘Bullish on India’ campaign showcases India’s economic resilience and growth potential in various critical sectors, it said. 

It aims to analyse the key drivers of India’s economic growth while fostering awareness about the unparalleled potential the nation offers at a time of a global economic slowdown, the portal said in a separate statement.

“With detailed analysis of macroeconomic factors such as manufacturing, demography, economy, markets and India’s rising stand in the global leadership, ‘Bullish on India’ has been presented as a data backed campaign that underlines India’s resilient economic growth,” it said. 

The campaign seeks to analyse key drivers of India’s economic growth while fostering awareness about the “unparalleled potential” the nation offers at a time of a global economic slowdown, it added. 

“There are various adversities that have shaken economies worldwide in the past few years. However, India is standing tall, retaining its stature as the ‘world’s fastest-growing major economy’,” it said, noting that the country is set to become the third largest economy in the coming years. 

The Prime Minister on Saturday also lauded the feat of the number of Jan Dhan accounts crossing the 50-crore mark as a significant milestone. It is heartening to see that more than half of these accounts belong to women, he posted on X. 

The Union Finance Ministry said on Friday that the total number of Jan Dhan accounts in the country has crossed the 50- crore mark, with 56 per cent of them belonging to women. About 67 per cent of these accounts have been opened in rural and semi- urban areas, the ministry said in a statement.