'Trailer of Things to Come': PM Modi Praises India's 8.2% GDP Growth

India's economy has recorded an impressive annual growth rate of 8.2% for FY24, according to figures released by the National Statistical (NSO). Prime Minister Narendra Modi highlighted this achievement on Friday, describing it as "just a trailer of things to come." He praised the hardworking citizens for contributing to the economic growth.

"The Q4 GDP growth data for 2023-24 shows robust momentum in our economy which is poised to further accelerate. Thanks to the hardworking people of our country, 8.2% growth for the year 2023-24 exemplifies that India continues to be the fastest growing major economy globally," PM Modi posted on X, formerly known as Twitter.

The GDP figures were released just before the seventh and final round of the ongoing Lok Sabha elections. In this round, 57 parliamentary constituencies, including Uttar Pradesh's Varanasi, will head to the polls. PM Modi is seeking a third consecutive Lok Sabha term from Varanasi.

PM Modi has often spoken about taking "even bigger decisions" if he secures another term. The results of the national elections will be announced on June 4.

Finance Minister's Remarks

Union Finance Minister Nirmala Sitharaman expressed confidence that the country's growth momentum will persist into the Prime Minister's third term. "This remarkable GDP growth rate is the highest among the major economies of the world. Many high-frequency indicators indicate that the Indian economy continues to remain resilient and buoyant despite global challenges," she posted on her X handle.

Economic Outlook

India's GDP growth figures come at a critical juncture as the country gears up for the final phase of the Lok Sabha elections. The robust economic performance is expected to serve as a significant boost for the Modi government. The PM and his party have been highlighting the strong economic indicators as a testament to their governance and economic policies.

The NSO figures provide a positive outlook for India's economic future, suggesting sustained growth and resilience in the face of global economic challenges. The high annual growth rate sets a promising tone for the upcoming fiscal year and provides a strong foundation for future developments.