Close X
Sunday, November 10, 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

PM suggests naming old Parliament building Samvidhan Sadan as MPs move to new building

PM suggests naming old Parliament building Samvidhan Sadan as MPs move to new building
Addressing a function in Central Hall to commemorate the 75 years of Parliament, Modi said, "I have a suggestion. Now, when we are going to the new Parliament, the dignity of the old building should never go down. This should not be left just as the old Parliament building. So, I urge that if you agree, this should be known as 'Samvidhan Sadan'."

PM suggests naming old Parliament building Samvidhan Sadan as MPs move to new building

BJP wants to take credit for Women’s Reservation Bill: Punjab Congress leader Bajwa

BJP wants to take credit for Women’s Reservation Bill: Punjab Congress leader Bajwa
Bajwa said the BJP must know that “the Women’s Reservation Bill is the brainchild of the Congress”. It was former Prime Minister Rajiv Gandhi who in May 1989 introduced the Constitution Amendment Bill to provide one-third reservation for women in rural and urban local bodies.

BJP wants to take credit for Women’s Reservation Bill: Punjab Congress leader Bajwa

Bus falls into canal in Punjab; five killed, two missing

Bus falls into canal in Punjab; five killed, two missing
Five passengers were killed and 10 others injured when a private bus lost control and fell into the Sirhind feeder canal on the Muktsar-Kotkapura highway while crossing a bridge in Punjab's Muktsar on Tuesday, police said. Two people were reportedly missing.

Bus falls into canal in Punjab; five killed, two missing

'Absurd, motivated': India rejects Canada's allegations over killing of Hardeep Nijjar

'Absurd, motivated': India rejects Canada's allegations over killing of Hardeep Nijjar
India on Tuesday rejected claims by the Canada government that it had an involvement in the killing of Hardeep Singh Nijjar. Terming them as "absurd and motivated" the external affairs ministry in a statement said, "We have seen and reject the statement of the Canadian Prime Minister in their Parliament, as also the statement by their Foreign Minister. Allegations of Government of India's involvement in any act of violence in Canada are absurd and motivated."

'Absurd, motivated': India rejects Canada's allegations over killing of Hardeep Nijjar

Inter-state drug trafficker held with heroin worth Rs 1.5 cr in Delhi

Inter-state drug trafficker held with heroin worth Rs 1.5 cr in Delhi
Delhi Police’s Crime Branch has arrested an inter-state drug trafficker and recovered 1.5 kg of heroin worth over Rs 1.5 crore in the international market. The drug trafficker was identified as Juned Khan alias Juber, (31), a resident of Bilaspur in Uttar Pradesh, a police officer said on Tuesday.

Inter-state drug trafficker held with heroin worth Rs 1.5 cr in Delhi

After asking local staffers to leave office early, Canadian High Commission to resume work at scheduled hours on Wednesday

After asking local staffers to leave office early, Canadian High Commission to resume work at scheduled hours on Wednesday
Hours after India expelled a Canadian diplomat on Tuesday in a tit-for-tat move in retaliation to Canada's action of expelling an Indian diplomat, the Canadian High Commission in the national capital asked its local staffers to leave the premises during the noon,  sources said. However, in another communication to all the local staffers the embassy informed them about normal timings tomorrow.

After asking local staffers to leave office early, Canadian High Commission to resume work at scheduled hours on Wednesday