Economic activities spurring across sectors

In his recent interview, Prime Minister Narendra Modi looked very confident on the economy while he quoted: “India is the third largest economy in terms of purchasing power parity. We want India to become the third largest in terms of current US dollar prices as well. The $5 trillion target will help us achieve that.”

-  Dr. Jyotsna Joshi

The IMF expects India’s GDP growth to overtake China’s next year because it (India) is predicted to expand 8.8 per cent, while the latter is expected to see 8.2 per cent growth. The demand looks to be rising as the festive season is nearing. Indicators show that primary sectors, related sectors of agriculture and rural India, are improving. Consumption of durable goods, agricultural equipment and vehicles are going up.