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INDIA'S ECONOMY FASTEST GROWING IN WORLD, SAYS FM
The Business Guardian
|August 11, 2023
She highlighted the fact that Morgan Stanley had included India in the "Fragile 5" emerging economies list in 2013, but the same institution has now recognized India's improved economic status.
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Union Finance Minister Nirmala Sitharaman’s recent address during the ongoing no-confidence motion debate in the Lok Sabha shed light on India’s impressive economic growth trajectory. Sitharaman’s speech emphasized that India’s progress is not just a result of empty rhetoric, but rather the outcome of concrete actions and policies that have propelled the nation forward even in the face of global challenges.
Sitharaman began her address by acknowledging the economic struggles faced by some developed countries, such as the United Kingdom and the European Union, grappling with high inflation and repeated interest rate hikes. In contrast, she pointed out India’s commendable growth despite the global economic headwinds.
This story is from the August 11, 2023 edition of The Business Guardian.
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