India has outperformed global growth average despite challenges

Lok Sabha Speaker Om Birla on Thursday said despite the global uncertainties and domestic challenges, India has consistently outperformed the global growth average.

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"Rising from the 10th largest economy in 2014 to the 4th largest today is a testament to India's robust policies and the strength of its people," Birla said while addressing the 2nd Working Session of the BRICS Parliamentary Forum here on the theme 'BRICS Parliamentary Action in Search of New Paths for Economic Development', an official statement said.

He said that from 2014-15 to 2024-25, India's GDP has grown at an average rate of over 7 percent, making it the fastest-growing major economy in the world.

Birla noted that India is not only the world's largest and most vibrant democracy but also a nation with stable governance, strong constitutional institutions, the rule of law, a transparent and accountable tax system, and decisive leadership that has earned the trust of global investors.