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

Provided 36,097 government jobs to youth in first 18 months: Punjab CM

Provided 36,097 government jobs to youth in first 18 months: Punjab CM
Addressing a function to hand over the recruitment letter to 249 youth for 191 posts in the Local Government Department, 25 in the Animal Husbandry, 24 in the Cooperation and nine in the Technical Education Department here, the Chief Minister said the youth should feel proud as they are becoming a team of the government that is working untiringly for carving out a new Punjab.  

Provided 36,097 government jobs to youth in first 18 months: Punjab CM

3 tribals shot dead in Manipur

3 tribals shot dead in Manipur
At least three tribals were shot dead by unidentified militants in Manipur’s Kangpopki district on Tuesday, officials said. Officials in the state capital said a group of unidentified armed extremists stormed villages between the Ireng and Karam areas along the bordering regions of Imphal West and Kangpopki districts and shot dead the three villagers on the spot.  

3 tribals shot dead in Manipur

Gangster Bishnoi’s key operatives arrested in Punjab

Gangster Bishnoi’s key operatives arrested in Punjab
Amidst the ongoing drive against gangsters, Punjab Police’s State Special Operation Cell (SSOC) on Tuesday busted an extortion racket, backed by gangster Lawrence Bishnoi, with the arrest of its two key operatives after recovering two .32 bore pistols along with two cartridges from their possession. Those arrested have been identified as Tarlochan Singh, alias Rahul Cheema, of Chandigarh and Harish, alias Harry, alias Baba, of Haryana's Jhajjar.

Gangster Bishnoi’s key operatives arrested in Punjab

G20 unveiled influence of India's rich tapestry on global stage: Reddy

G20 unveiled influence of India's rich tapestry on global stage: Reddy
Union Minister for Development of North Eastern Region (DoNER) G. Kishan Reddy on Monday said the G20 Summit has unveiled the influence of India's rich tapestry on the global stage. "India's culture diversity charms the G20 Summit. It has unveiled the influence of India's rich tapestry on the global stage," he wrote on X (formerly twitter).

G20 unveiled influence of India's rich tapestry on global stage: Reddy

Punjab to be developed as most preferred tourist destination: Mann

Punjab to be developed as most preferred tourist destination: Mann
Punjab Chief Minister Bhagwant Singh Mann on Monday announced the development of the state as the most preferred global tourist destination. Addressing the gathering during the inaugural function of first Tourism Summit and Travel Mart in Mohali, near here, the Chief Minister said he firmly believes that governments will come and go but the works of public welfare must be given topmost priority so that you get good wishes and prayers from the public.

Punjab to be developed as most preferred tourist destination: Mann

9 looted arms, huge quantities of explosives recovered in Manipur

9 looted arms, huge quantities of explosives recovered in Manipur
Combined security forces recovered nine looted arms, two locally made guns, 10 different types of ammunition, and a large quantities of explosives from Manipur's Churachandpur, Imphal East and Thoubal districts, it was announced on Monday. Manipur Police also said on Monday night that the situation in different parts of the state was more or less normal except some sporadic incidents.

9 looted arms, huge quantities of explosives recovered in Manipur