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What factors have contributed to India's economic growth under Prime Minister Narendra Modi?
India's economic growth under Prime Minister Narendra Modi can be attributed to various factors, including economic reforms, infrastructure development, and initiatives to boost manufacturing and foreign investment. Modi's policies aimed at improving ease of doing business and promoting digitalization have also played a significant role in driving economic growth.
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What is the significance of India's economic growth for the global economy?
India's economic growth holds significant implications for the global economy, as the country's rise to become the world's third-largest economy by 2027 is expected to reshape trade dynamics, attract more foreign investment, and influence geopolitical relations. India's expanding market presents opportunities for international businesses and investors looking to capitalize on its growth potential.
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How has India's economic growth trajectory positioned it in the global economy?
India's economic growth trajectory under Prime Minister Narendra Modi has positioned the country as a key player in the global economy. With a projected GDP growth rate of 7.8% in 2024 and the expectation to overtake Japan and Germany to become the third-largest economy by 2027, India's economic prowess is set to have far-reaching impacts on global economic rankings and trade dynamics.
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What is the IMF's growth forecast for India in 2024?
The IMF has upgraded India's growth forecast to 7.8% in 2024, reflecting the country's strong economic performance and growth prospects. This upward revision underscores India's resilience and potential to emerge as a major economic powerhouse in the coming years, attracting attention from global investors and businesses seeking growth opportunities.
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How has India's economic growth under Modi attracted global investors?
India's economic growth under Prime Minister Narendra Modi has attracted global investors due to the country's promising market potential, policy reforms, and infrastructure development. The government's initiatives to enhance ease of doing business and promote foreign investment have created a conducive environment for international businesses to invest in India's growing economy.
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What are the key initiatives undertaken by Prime Minister Modi to drive India's economic growth?
Prime Minister Narendra Modi has implemented various initiatives to drive India's economic growth, including the 'Make in India' campaign to boost manufacturing, infrastructure projects like the Smart Cities Mission, and reforms to streamline taxation and improve business regulations. These efforts aim to enhance India's competitiveness, attract investments, and propel the country's economic development.