Close X
Monday, September 30, 2024
ADVT 
India

India's Q2 growth has been highest in the world: Sitharaman

Darpan News Desk IANS, 07 Dec, 2023 11:59 AM
  • India's Q2 growth has been highest in the world: Sitharaman

New Delhi, Dec 7 (IANS) Finance Minister Nirmala Sitharaman on Thursday said India's second quarter growth (in the current fiscal year) has been the highest in the world and the economic activity has been good across sectors.

Addressing the Rajya Sabha during the Winter Session of the Parliament while replying to a debate on the economic situation in the country which was held over three days with the participation of many members, Sithraman said that the manufacturing sector has contributed significantly to the economy on the back of various measures like PLI schemes.

She also said that India is the second most sought after manufacturing destination in the world. She said that manufacturing sector contributes significantly to economy on the back of various measures like PLI scheme.

"All sectors are growing significantly. Because of the Make in India programme and Prime Minister Narendra Modi's schemes, the manufacturing sector is also significantly contributing to the economy. The manufacturing sector is contributing 13.9 per cent to the economy. The Purchasing Managers Index (PMI) in November was 56. It is in the expansionary territory, so sustained growth is indicative of growth," she said.

She further said that our second quarter growth has been very high and it is the highest in the world, and we continuously maintained that momentum of being the fastest-growing economy.

"During the same quarter - July to September, 2023, the third and fourth-largest economies of the world contracted. For India to reach 7.6 per cent in the second quarter, it's a very significant number. In just last eight years, India has become the world's fifth largest economy," she told the House.

Meanwhile, former Finance Minister and Congress leader P Chidambaram in a post on 'X' said: "In her reply to the three-day debate, the Finance Minister did not provide a direct answer to three pointed questions: Will the GDP double to Rs 200 lakh crore (in constant prices) in the 10 years of the NDA government by 2023-24? According to the NFHS, the proportions of children malnourished, stunted and wasted are unacceptably high. Why? Why have net financial assets of households dipped to a historic low of 5.1 per cent?

"I hope the government will answer these questions and other questions raised by MPs some day," Chidambaram said.

MORE India ARTICLES

Punjab Cabinet to pay obeisance at Kartarpur Sahib

Punjab Cabinet to pay obeisance at Kartarpur Sahib
Addressing the gathering during a function to mark the death anniversary of former Punjab minister and Congress leader Santokh Singh Randhawa here, the Chief Minister thanked Prime Minister Narendra Modi and Union Home Minister Amit Shah for re-opening the Kartarpur corridor ahead of Prakash Purb of Guru Nanak Dev.

Punjab Cabinet to pay obeisance at Kartarpur Sahib

Cong MP asks Punjab CM to ensure quota to Mazhabi Sikhs, Balmikis

Cong MP asks Punjab CM to ensure quota to Mazhabi Sikhs, Balmikis
In a three page letter written on November 8, Tewari said, "I am requesting Punjab Chief Minister Charanjit Singh Channi to kindly ensure 50 per cent reservation granted to Mazhabi Sikhs & Balmikis out of 22.5 per cent way back in 1975, is upheld when matter comes up before a 7 or 9-Judge Bench of the Supreme Court when constituted shortly."

Cong MP asks Punjab CM to ensure quota to Mazhabi Sikhs, Balmikis

Need an action plan by tomorrow: SC directs Centre, states on curbing air pollution

Need an action plan by tomorrow: SC directs Centre, states on curbing air pollution
The Supreme Court on Monday sought an action plan within 24 hours from the Centre and state governments, detailing steps taken by task forces to stop air pollution caused by vehicular traffic, construction work, stubble burning, power plants, entry of heavy vehicles, dust, etc.

Need an action plan by tomorrow: SC directs Centre, states on curbing air pollution

Can consider appointing retired SC judge to monitor Lakhimpur Kheri probe: SC

Can consider appointing retired SC judge to monitor Lakhimpur Kheri probe: SC
The Supreme Court on Monday said it will also consider the names of some retired apex court judges to monitor day-to-day investigation in the Lakhimpur Kheri violence incident. The top court also directed the Uttar Pradesh government to upgrade its task force investigating the matter with some high-ranking officials.

Can consider appointing retired SC judge to monitor Lakhimpur Kheri probe: SC

India allows foreign tourists as Covid cases decline

India allows foreign tourists as Covid cases decline
According to the officials, now the foreign travelers will be allowed to visit India without a mandatory quarantine. The government's move came 20 months after the pandemic situation improved in the country.

India allows foreign tourists as Covid cases decline

Kejriwal indulges in blame game on pollution: Punjab Minister

Kejriwal indulges in blame game on pollution: Punjab Minister
Gurkirat Singh, who was the chief guest at Punjab Day Function held during the ongoing India International Trade Fair 2021 at Pragati Maidan, also urged the Central government for reopening of Kartarpur Corridor, which has been closed since March 2020 due to Covid-19 pandemic.

Kejriwal indulges in blame game on pollution: Punjab Minister