India's economy grew 66% in last decade: PM

Prime Minister Narendra Modi said on Wednesday that India's economy grew 66% over the last decade, citing a February report from the International Monetary Fund (IMF).

- Abhishek Angad

NEW DELHI:

Speaking at a post-budget webinar on employment generation, Modi highlighted what he called "remarkable observations" from the IMF regarding India's economic performance.

"According to this report, between 2015 and 2025, in these 10 years, India's economy has recorded a 66% growth. India has now become a 3.8 trillion dollar economy," Modi said. "The day is not far when India will become a 5 trillion dollar economy." The PM emphasised the importance of implementing budget announcements, noting his government has moved away from traditional approaches to budget management.

"Now, we engage with stakeholders before, during, and after the budget to ensure smooth implementation," he said. "Such a participatory model is rare, but I am happy that this annual brainstorming exercise is gaining momentum every year."

Modi added that "discussions after the budget are often more valuable for its implementation than those before the budget."